The world's fourth largest and China's top ranked payment solutions provider Goldpac Group Limited ("Goldpac" or the "Group", stock code: 03315) announced today that it has won the bidding to provide exclusively a combined bus and subway payment wristband (武汉通 Wuhan City Transportation Pass) for Hubei Bank. This wristband enables financial payment, transport, ticketing, sports and health functions and exemplifies Goldpac's development in innovation subsequent to the release of its luxury payment watch for the Industrial Bank in China.
 
This innovative wristband is embedded with an EMVCo security certified microprocessor and is compliant with the PBOC 3.0 specification. With this robust security system, wristband users can swipe across any POS or ATM carrying the QuickPass logo to complete a transaction. This provides a safer and easier payment experience for end-users.
 
At present, the Wuhan City Transportation Pass (武汉通) is interoperable within more than 8 cities in Hubei province. This wristband delivers greater convenience to people in and around Wuhan city. In addition, it also offers APP recharging and transaction tracking. In the near future, the wristband will expand its feature set to include Bluetooth positioning, access control and e-parking functions to further explore the possibilities within the mobile payment domain.
 
Mr. HOU Ping, CEO of Goldpac, said "With the continuing evolution of payment technologies, people are more and more likely to choose convenient but safe payment means. The smart wearables segment is moving towards ever greater market potential. As a global leader in smart payment total solutions, Goldpac has developed wearables product lines to cover payment jewelry, GPS payment watches and payment wristbands. To continue to meet the diverse needs of our customers, we will foster greater innovation and advancement of Fintech products to deliver customized, specialized and intelligent products, service and solutions."