Wearable technology has become increasingly popular in recent years, and it’s no surprise that this trend is expanding into the realm of payments.
Tappy Technologies, a provider of wearable payment solutions, has partnered with Curve, a fintech company that offers a smart card and mobile app platform, to bring wearable tokenisation to Europe and the UK.
What is Wearable Tokenisation?
Wearable tokenisation is a process that allows users to make payments using their wearable devices, such as smartwatches and fitness bands.
This technology replaces traditional payment methods, such as cash and credit cards, with a secure token that is stored on the wearable device.
When a payment is made, the token is transmitted to the payment terminal, and the transaction is processed.
The Partnership Between Tappy and Curve
Tappy Technologies and Curve have teamed up to bring wearable tokenisation to Europe and the UK.
Tappy will provide the wearable payment solutions, while Curve will offer the smart card and mobile app platform.
The partnership will enable users to link their Tappy-enabled wearables to their Curve account, making it easy to make payments on-the-go.
Benefits of Wearable Tokenisation
Wearable tokenisation offers a number of benefits to both consumers and businesses. For consumers, it provides a convenient and secure way to make payments without the need for cash or credit cards. Wearable devices are also less likely to be lost or stolen than traditional payment methods, adding an extra layer of security.
For businesses, wearable tokenisation offers a new way to engage with customers and streamline the payment process. With Tappy and Curve’s partnership, businesses can offer a seamless payment experience to customers who prefer to use their wearable devices.
The Future of Wearable Technology in Payments
Wearable technology is still in its infancy when it comes to payments, but it has the potential to revolutionize the way we make transactions.
As more consumers adopt wearable devices, we can expect to see an increase in the use of wearable tokenisation.
This partnership between Tappy and Curve is just the beginning of what could be a major shift in the payments industry.
Wrapping Up
Tappy Technologies and Curve’s partnership to bring wearable tokenisation to Europe and the UK is an exciting development in the payments industry.
With the benefits of convenience and security, we can expect to see more businesses and consumers adopting this technology in the future.
Wearable technology is set to change the way we make transactions, and this partnership is just the start.
