News · 08 January 2025

The evolution of cashless and technology at events

In recent years, technology has transformed almost every aspect of our daily lives, and the event industry has not been left behind.

We’ve seen how concerts, congresses, hotel stays, promoters have opted for implementing cashless technology and it has changed the way they are organized.

One of the most significant advances has been the implementation of NFC wristbands, a technology that has revolutionized the way in which payments are made, services are accessed and security and user experience is managed.

Personas comprando en la barra de un evento

What is cashless, what are its advantages and how does it work?

NFC wristbands have been key in the evolution of cashless. Initially they were used in festivals and concerts, but nowadays we see them being implemented in a multitude of events, be it congresses, sporting events, in hotel stays…

The cashless is a system that is transforming the economy because it does not need to carry cash to make payments and are becoming more and more common worldwide. The most common method, for example, would be to pay with our phone at the supermarket. There are many advantages of this system such as:

  • The comfort of not having cash.
  • Integral solution to manage large flows of people.
  • Fast and secure payments.
  • Better financial management.

How do NFC wristbands for cashless payments work?

These wristbands work through an NFC chip or QR codes. Their popularity lies in the ease of use, and is that simply with a gesture, you can save multiple heavy actions and generate confidence in the user. We would simply have to bring the device containing the chip close to the reader and a signal is transmitted and captured by the reader. With this innovative and easy to use we dispense with cash payment and most importantly improves the positive user experience.

In addition to being a fast and efficient means of payment, NFC wristbands also allow you to customize the user experience. For example, attendees can pre-load balance on their wristbands for purchases at the event, access exclusive benefits or manage tickets or account notifications, all through a single device.

At Bracelit, we are committed to this solution to favor the user at our events, streamlining registration and access and payment, reducing queues and increasing security.

Persona recargando su pulsera en un totem

The future of cashless at events

NFC technology has already been implemented several years ago, especially at concerts and festivals. This trend for cashless payments is expanding to all types of large events, changing the way they are held.

It has proven to be a system that allows for greater efficiency, as it integrates quick payments, reduces queues and also improves staff performance. The cashless technology through RFID or NFC, offers the possibility of personalized experiences, from the beginning of the festival until the end of it.

On the other hand, augmented reality and artificial intelligence are marking a before and after in the way events are experienced. Artificial intelligence will be key in the future to further enhance personalization and adapt to user needs. These will make it possible to create everything from real-time maps to offer personalized schedules, as well as revolutionizing the way we experience events.

Not only that, but sustainability will be a key point in the development of these new technologies. The efficient use of resources minimizes waste, helping the environment and generating a positive impact on society.

Conclusion

Cashless is a system that is here to stay. It has completely revolutionized the way events are managed and how attendees interact with different services.

It is a technology that will continue to advance driven by technological innovation, artificial intelligence, thus contributing to a better user experience and better performance for organizers. Undoubtedly, the future of cashless in events will be increasingly digital, accessible and efficient.

If you want to implement our technology in your event visit our website at www.bracelit.es or send us an email to contacto@bracelit.es

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