It’s a bird… it’s a plane… no it’s a new way to pay! We have Apple Pay, Samsung Pay, and Google Pay, but now we have Inamo? What is that?
INAMO, a FinTech startup, is a maker of wearable devices and announced today that it has begun the pilot of the first non-embedded EMV contactless wearable payment device in the US.
INAMO’s first wearable uses a passive micro-card that is inserted into the CURL that is made from a durable silicone, is waterproof and slips onto most watches. Users can load and reload their INAMO debit account from any US bank that they have an account with and make purchases anywhere ApplePay or GooglePay are accepted in the US plus overseas.
INAMO was founded by avid surfer & software engineer Peter Colbert who after a surf, caught up with a few friends for coffee and when it was time to pay he realised that he forgot his wallet. That was the light bulb moment. “Wouldn’t it be cool if I didn’t have to carry my wallet around or wear a smart watch but still pay for things”.
INAMO has been instrumental in conducting innovative wearable pilots. In 2017, INAMO collaborated with VISA to pilot WaveShades, the first “pay-by-sunglasses” at the St Jerome Lane Way Festival. Visa demonstrated WaveShades at the prestigious South by Southwest Tech Conference in Austin, Texas in 2017.
Peter says “the timing is perfect as it comes at a time when contactless payments in the US has seen significant growth in merchant acceptance.”
THE CURL is perfect for people of all ages that are on-the-go who make small purchases, like coffee, grabbing lunch, filling-up at the gas station, a quick trip to the drugstore or fast-food.
INAMO wearables provide people with peace of mind in that they don’t need to carry their wallet, purse, card or mobile and potentially have to leave it unattended; INAMO wearables goes wherever you do.
“While the initial concept of INAMO wearables was designed for people with an active lifestyle, I am pleased to hear feedback from INAMO users who tell me that our wearables are also helping people with a physical disability such as Rheumatoid Arthritis, Cerebral Palsy, MS, Autism and those that are vision impaired, in being independent & raising their self esteem.
INAMO is giving away 10 INAMO CURL’s to our readers. Go to www.inamo.com/invitation and enter GRIND in ‘How did you hear about Us” and they’ll send you an INAMO CURL preloaded with $25.