What are Money Carer’s Payment Rings, and how do they work?
Money Carer’s payment rings offer a simple, secure and dignified way to manage everyday spending — without the need for cash, bank cards or PINs.
Designed with vulnerable individuals in mind, they help promote independence for the person using them, while giving reassurance to families and professionals.
What is a Payment Ring?
A payment ring is a small wearable device that works in the same way as a contactless bank card. By tapping your hand against a card reader, you can make a payment instantly.
There’s no need to carry a wallet or phone, making it a practical option for everyday use.
Payment rings are particularly helpful for people who may find handling cash or cards difficult, or who want a simpler and safer way to pay for daily essentials — from groceries to transport.
How do Payment Rings work?
Contactless Technology
Each ring contains a small NFC (Near Field Communication) chip — the same technology used in modern contactless cards. When the ring is held near a payment terminal, it securely communicates with the reader to complete the transaction in seconds.
Payment rings are completely battery-free, so they never need charging. They are powered directly by the card machine at the point of payment.
Because the ring can be worn continuously, it’s especially useful for those with mobility or dexterity challenges. There’s no need to remove it during the day, even when washing hands, showering, or swimming, as it is waterproof up to 40 feet.
Secure and Private
Security is built into every payment.
The ring does not store your actual card details. Instead, it uses tokenisation — replacing sensitive information with a secure, encrypted digital token.
This ensures that personal data remains protected, even if the ring is lost or misplaced.
Easy Set-Up and Management
Payment rings can be linked to a prepaid or managed account, making them ideal for use alongside Money Carer’s managed banking services.
Carers or family members can:
- Add funds
- Monitor spending
- Set appropriate controls
This allows individuals to retain independence in their day-to-day spending, while still receiving the support they need.
Why Payment Rings matter
For people living with disabilities or other challenges, managing money can sometimes feel difficult or unsafe.
Payment rings provide a simple, practical solution — helping individuals maintain confidence, dignity and independence in everyday life.
For carers and families, they offer peace of mind. Spending can be supported and monitored without the risks associated with carrying cash or bank cards.
At Money Carer, the goal is to make financial independence more accessible to everyone. Payment rings bring together modern technology and thoughtful design to help people stay safe, confident, and in control of their finances.