Dynamical today launched Paymo, the first fully digital wallet. The Paymo 4G Smart Wallet is a digital wallet that lets you go completely digital with your money! A dedicated mobile device to securely manage all of your financial transactions, credit/ debit cards, travel, loyalty and access.
A universal smart wallet for secure transactions with contactless Mastercard, Visa, Amex, Google Pay and QR code-based payment, such as WeChat Pay and AliPay. 4G and WiFi connectivity to online banking and receipt scanning services with over 30 days of battery life.
Paymo 4G Smart Wallet is equipped with an NFC chip for making contactless payments, for travel and secure access. You can store travel and loyalty cards in one place – including Oyster (London), Suica (Japan) and Octopus (Hong Kong).
The wallet also has a camera enabling the scanning of QR codes for services such as WeChat Pay and AliPay. It will connect to online services and will be trackable if lost. The battery will last a month without recharging.
Paymo allows you to securely store and use credit cards and debit cards onto its secure NFC chip. You can easily add on your Visa, MasterCard, Amex and other cards. You can also store your loyalty cards and tickets for travel and events. The Paymo is also used for secure access to smart lock-enabled homes, hotel rooms or cars.
You can add on your transport cards to your Paymo, such as Suica in Japan, Oyster in London, and Octopus in Hong Kong.
Chairman of Dynamical, Janko Mrsic Flogel comments:
“With Paymo we are helping users go completely digital with their money, wherever they are in the world. Paymo covers not only credit and debit cards but also travel cards and loyalty cards – all on one 4G enabled device. Users can even add a merchant account and simply tap to take or receive money.”
Key features of Paymo include:
- 4G/Wi-Fi for global connectivity
- Credit card sized and weight of 100 grams
- 30-day battery life
- Android OS
- One click action keys for payment, transfer and balance
- Receipt scanning and Alipay/WeChat Pay enabled 8-megapixel camera
- Fingerprint scanner for security
The Paymo also doubles up as a mini smartphone if needed. It runs the popular Android operating system allowing you to pay using G Pay and also run your favourite financial and receipt scanning apps on this compact devices. You can easily switch between wallet mode and phone mode, as desired.
Sebastian Ng Lei, the designer of Paymo, comments:
“Paymo means people can access all of their financial and other cards in one secure digital device. Paymo brings the wallet into the 21st Century and enables users to have a dedicated device with a long battery life to make payments anywhere in the world.”
Paymo is currently fundraising on Indiegogo here.