Timex Group has teamed up with Tappy Technologies, a wearable payment technology provider based in Hong Kong, to enable payment on its watches.
The initiative will be supported by Visa as well as Mastercard.
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Timex group VP of Advance Products Brian Pemberton said: “Timex Group has always been at the forefront of technological innovation in the area of wrist-worn devices; Tappy’s tokenisation solution enables us to sell our payment-enabled devices globally.
“The highlight of the new solution is Tappy’s UPPU which enables non-chargeable devices like traditional timepieces to be tokenised.”
Tappy also offers a battery-less chip, which can be incorporated in a watch strap and tokenised through Tappy’s Universal Passive Provisioning Unit (UPPU).
Tappy CEO Wayne Leung said: “I am confident that Tappy’s Tokenisation platform, as well as our patented authentication and provisioning solutions, are a game-changer for the traditional watch industry.
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By GlobalData“Highly sophisticated algorithms ensure that our solution operates flawlessly without batteries and that any products that incorporate our technology can be aesthetically pleasing, which is important to our watch partners.”
Recent initiatives by Tappy:
Last October, Tappy launched its biometric enabled payment watch strap.
In the same month, the technology provider partnered with Zwipe to develop biometric wearable payment authentication devices.
