Evering manufactures finger band-shaped cashless payment devices that utilize near-field communication (NFC) technology for secure, contactless transactions. This solution provides a portable and user-friendly method for making financial transactions without the need for traditional payment methods.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods like cash, credit cards, and smartphones can be cumbersome, unhygienic, or impractical in certain situations. Users may seek a more streamlined and secure way to conduct transactions without the need for batteries or constant charging.
Solution
EVERING offers a ring-shaped, NFC-enabled wearable device that allows users to make cashless payments with a simple tap. The ring utilizes Visa's contactless payment technology, enabling quick and secure transactions at any Visa-enabled point of sale. Unlike smartwatches or phones, the EVERING ring requires no charging, is waterproof, and can be easily deactivated via a mobile app if lost or stolen. The ring functions as a pre-paid card, allowing users to load funds and track spending through the companion application.
Target Audience
The primary target audience includes individuals seeking a convenient, secure, and minimalist payment solution, as well as parents looking for a manageable payment method for their children.
Features
- NFC-enabled contactless payments via Visa's payment network
- Waterproof design for use during handwashing and sports activities
- No charging required
- Mobile app for fund loading, transaction history, and ring deactivation
- One-tap payment functionality for speed and convenience
- Available in multiple colors and sizes