03
Nov-2014

Royal Bank to test out Toronto company’s Nymi technology

EcoSystem   /  

“You’ve heard of paying retailers with the tap of a smartphone, but Royal Bank thinks shoppers are ready to take another big step: wearing payment options on their wrist.

The bank has paired with Toronto-based technology developer Bionym to test a wristband called Nymi (pronounced Nim-ee), which identifies owners through their unique heartbeat and then lets them charge purchases to their credit card.

The device looks like a watch, and will soon grace the wrists of 250 RBC clients and staff under a pilot project in Toronto that runs through February.”

Read the full CBC piece about iF partner RBC’s innovative new venture here!

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