A Step Forward in Accessible Banking
Money Carer, a leading UK social enterprise supporting vulnerable individuals with financial management, has announced the launch of payment rings and wearable payment devices—a groundbreaking initiative designed to make day-to-day transactions easier and more accessible for older adults and people with cognitive or physical impairments.
This innovation comes as part of Money Carer’s wider mission to promote financial inclusion across the UK by giving people the tools they need to maintain independence, security, and confidence when handling their money.
What Are Payment Rings?
A payment ring is a small, discreet, and secure wearable device that allows users to make contactless payments without needing to handle a physical card or remember PIN numbers. Linked directly to a Money Carer-managed account, these rings work anywhere that accepts contactless payments—offering instant, tap-and-go convenience.
For many clients who may find it difficult to use a traditional debit card or smartphone, payment rings offer a simple, intuitive alternative that requires no technology skills or smartphone ownership.
Empowering Independence and Security
The launch of Money Carer’s wearable payment solutions reflects a growing demand for accessible fintech solutions for the UK’s ageing population and those living with dementia, learning disabilities, or mobility challenges. These devices remove barriers to everyday participation—whether it’s paying for a coffee, using public transport, or shopping independently.
Each payment ring is:
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Secure and PIN-free, using the same trusted contactless technology as debit cards.
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Customisable, fitting comfortably and discreetly for all users.
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Linked to a safeguarded Money Carer Account, ensuring that spending limits and monitoring can be managed by authorised carers or deputies.
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Inclusive by design, enabling participation in a digital economy that often leaves vulnerable people behind.
Wearable Payment Solutions Beyond Rings
In addition to rings, Money Carer is introducing other wearable payment options, including contactless key fobs and wristbands. These devices are designed with different needs in mind—offering flexibility and dignity for users who may prefer alternative formats.
By integrating these tools into its existing Carer Account ecosystem, Money Carer ensures seamless management for both clients and their support networks. Carers can monitor spending, top up balances, and maintain oversight—giving peace of mind to families and professionals alike.
Promoting Financial Inclusion Across the UK
Money Carer’s new wearable payment range represents a tangible step toward bridging the financial accessibility gap. In a world where digital banking is fast becoming the norm, the company recognises that millions of people are still excluded due to disability, age, or digital illiteracy.
“Our goal is to make payments simpler and safer for the people we support,” said a Money Carer spokesperson. “Wearable technology like payment rings gives individuals more freedom while ensuring carers and families can still oversee and protect finances responsibly.”
This initiative aligns with the UK government’s wider financial inclusion strategy, which calls for innovation to support those who face barriers to traditional banking.
About Money Carer
Money Carer is an award-winning social enterprise providing managed banking and appointeeship services to help protect and empower vulnerable adults across the UK. By combining technology with compassionate support, Money Carer enables individuals to live with greater dignity, independence, and control over their finances.
