Wrist band as Payment Method at Events
Mobile payments are the norm now, even during events. The big music festivals like Coachella have integrated phone payment options. Even Tomorrowland uses RFID-enabled wristbands that allow guests to enter the venue seamlessly.
And what’s even more exciting is the fact that Biometric payments, including facial recognition and fingerprint scanning, are set to begin, the proof of which is given by China.
All this began after the COVID pandemic. Keeping distance during physical interactions to ensure safety and hygiene. Contactless payments have made this possible. Gpay, Paytm, and now social apps, such as Whatsapp integrating payment features, surely takes a step ahead. These apps allow guests in events to buy anything with a click. Additionally, this mode of payment generates valuable data. This data is used by organizers to personalize attendee experiences.
With the increase in cashless transactions, robust cybersecurity measures have taken a greater importance. To protect one’s financial data, it has to be prioritised.
Many event organizers are investing in advanced security protocols to prevent fraud and data breaches. The rise of virtual and hybrid events highlight this importance. At Icecube Events we are always looking for alternatives that ensure safety. Our events incorporate digital payment options that are safe.
One cannot miss the environmental benefit of going cashless. No more prints of bills! By reducing the need for printed tickets and physical currency, events can lower their environmental footprint. The future of cashless events will truly be convenient for all.