Inter Launches Wearables in the U.S., Taking Banking Beyond the Phone

Inter launched two new wearables in the U.S.—the Inter Ring and Inter Wristband—adding contactless payments to everyday accessories. The announcement expands Inter’s payment product footprint beyond the phone, but provides no financial metrics or guidance, implying limited near-term market impact.

Analysis

Inter launched two new wearables in the U.S.—the Inter Ring and Inter Wristband—adding contactless payments to everyday accessories. The announcement expands Inter’s payment product footprint beyond the phone, but provides no financial metrics or guidance, implying limited near-term market impact.