Level came up with the idea for a payment ring following the success of its original Level Ring, which focused exclusively on transferring business card details to smartphones.<\/p>\n\n\n\n
The original Level Ring won the 2018 DUT Innovator of the Year award, and inspired Level to add payment features to the new version.<\/p>\n\n\n\n The new Level Ring is easy to use. First, you link it to your smartphone through the Level app.<\/p>\n\n\n\n Then, when you need to pay for something, you simply make a fist gesture with your hand and hold the ring above the payment terminal.<\/p>\n\n\n\n Your smartphone doesn\u2019t need to be nearby to use this functionality either, as everything you need to make a payment is stored within the ring.<\/p>\n\n\n\n The Level Ring is also scratch-resistant, dustproof, and waterproof – and doesn\u2019t require batteries to work.<\/p>\n\n\n\n Level has complemented this easy-to-use design with world-class safety features that offer secure and reliable transactions.<\/p>\n\n\n\n The foundation of this security is the tokenization system built into the Level Ring, which creates a unique code for each transaction – rather than using your credit card details directly.<\/p>\n\n\n\n Level has also added an extensive range of certified measures which guarantee the safety of your financial details.<\/p>\n\n\n\n Click here to see how it works in action<\/strong><\/a><\/p>\n\n\n\n The new Level Ring was soft-launched last week and will be made fully available by the end of July.<\/p>\n\n\n\n The ring will initially work with one South African bank, and Level is working to partner with more banks to make the ring accessible to more users.<\/p>\n\n\n\n The Level Ring will be available in six variants:<\/p>\n\n\n\n Interested buyers can reserve their Level Rings on the Level Pay<\/strong><\/a> and Level Innovations<\/strong><\/a> websites before the official launch.<\/p>\n\n\n\n Buying a Level Ring will also contribute to a better South Africa, as Level is donating part of its sales revenue to plant trees through its partnership with a leading NGO.<\/p>\n\n\n\n It is also committed to adding new features to the Level Ring in the future, like loyalty and reward card support, to further reduce the use of plastic cards in South Africa.<\/p>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/Untitled-design-20-1-1024x576.png\")
<\/a><\/figure>\n<\/figure>\n\n\n\nUsing the Level Ring<\/h2>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/IMG_0029-1024x683.jpg\")
<\/a><\/figure>\n<\/figure>\n\n\n\nGet your Level Ring<\/h2>\n\n\n\n
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