IB and Garmin Co-launched Second-Generation Wearable Smart Payment Product

The 2016 Shanghai International Marathon will start soon. IB’s second-generation wearable smart payment product -- China’s first high-end mobile payment sports watch attracted a number of runners. After launching “Xing Power” mobile payment bracelet, IB, together with Garmin, a world-class GPS and wearable device manufacturer, co-produced multi-functional sports watch covering route tracking, health scanning, mobile payment and other functions. It integrates convenient payment into people’s daily life, and brings excellent payment experience for sports enthusiasts.

As IB’s second-generation wearable smart payment product, this watch was added the function of financial payment based on Garmin Forerunner 235 series products. A payment can be made by pressing the watch screen close to sensor area of machine with UnionPay’s mark of “Quick Pass” (such as POS machine, automatic vending machine and ATM). In addition, this watch adopts world’s leading optical heart rate technology, a result of Garmin’s independent research and development, which is superior in capturing speed of the wearer and is more stable. It is also loaded with intelligent notice application, convenient for the wearer in movement to receive calls, SMS notices as well as updates in MicroBlog and WeChat.

The function of recording sports data (such as daily walking steps, distance and calorie consumption) and interesting applications including “Find Mobile Phone” and “Live Track” and “Connect IQ” show care for runners. Fast trading anywhere and anytime is the most functional design for sports enthusiasts. All these functions make the fashionable watch popular among sports enthusiasts.

It is reported that extensive and in-depth demand research was conducted toward consumers in different provinces, of different ages and in different gender before IB launched second-generation products. Data revealed that “wearable devices” are becoming indispensable equipment for more and more sports enthusiasts. They are most concerned about “heart rate measurement, mobile phone APP adapter, GPS function and mobile payment” and more than 2/3 of respondents expressed expectations for Garmin sports watch.

IB in cooperation with Garmin found out a hardware platform for “second-generation wearable smart payment products”, followed the principle of “stylish appearance and practical function”, implanted payment chip into Forerunner 235 series sports watch after repeated tests, and achieved another upgrade of mobile payment.

From now on qualified customers entering “wrist equipment hero recruitment plan” via “IB credit card” public WeChat will have the opportunity to get these sports watches. Runners can experience these mobile payment sports watches in IB’s booth at Shanghai (International) Events Culture and Sporting Goods Expo cum Shanghai Marathon Equipment Obtaining Venue on October 27, and customer succeeding in applying for IB’s credit card has the opportunity to get a free sports watch or a pre-order at a preferential price.