The partnership will offer the most secure & seamless wearable contactless payment solution.
Zwipe, a biometric technology company and pioneering wearables technology company Tappy Technologies have announced their partnership to jointly develop and launch biometric-enabled wearable payment, access, and digital authentication devices. As per the agreement, Tappy Technologies will be licensing Zwipe’s core intellectual property, enabling biometric authentication in a range of form factors. The two companies expect to demonstrate the first prototype before the end of year 2018.
Tappy Technologies is an innovative global provider of tokenization services, provides the most essential elements to enable wearable payment applications for major payment schemes, leading issuers and world-renowned fashion labels serving as the primary manufacturer for some of the world’s most recognized watch brands.
Biometric is the future of wearable payments
Wayne Leung, CEO, Tappy Technologies, stated, “We count some of the biggest payment networks, banks and watch brands in the world as our trusted customers and we strongly believe that the future of wearable payments will be biometric. In 2017 brands partnering with us sold over 85 million units, and we expect to see our wearable payment and tokenization platform deployed in millions of units over the next years and we are proud to partner with Zwipe to enable biometric authentication as part of this portfolio next year.” He added, “At Tappy, we have an insatiable appetite for innovation and our latest offering, a unique biometric wearable solution is going to be a game changer in the wearable payment space as it enables second factor authentication in passive devices, offering the most secure & seamless wearable contactless payment experience to our customers.”
The partnership seeks innovation in wearable
André Løvestam, CEO, Zwipe, stated, “Zwipe is paving the way to enable financial services in wearable devices, in addition to payment cards. Tappy Technologies is a proven leader in this segment and we are very excited to join forces in bringing this innovative solution into the hands of the consumer.”
Started in 2009, Zwipe is a biometric tech company, headquartered in Oslo, Norway, that develops and commercializes biometric authentication solutions in three key areas, payments, access control, and ID.
Headquartered in Hong Kong, Tappy is a pioneer in wearable payments & access solutions. Tappy fully integrates its technology into form factors like watches, bracelets, jewelry, fitness bands & many other kinds of accessories, instantly transforming them into payment & access devices.