Fidesmo and Wearonize Join Forces to Improve Contactless Payments
Fidesmo, the leading provider of payment tokenization platform Fidesmo Pay, has announced a strategic and commercial partnership with wearonize, the innovative payment service provider for SwatchPAY!, as reported by Finextra. Together, they aim to establish a new standard for contactless payments, offering a scalable solution for issuers and wearable manufacturers.
Fidesmo Pay, renowned for its integration with VISA and Mastercard, has been at the forefront of the contactless payment revolution. The platform utilizes advanced tokenization technology to enable secure and seamless transactions, transforming everyday accessories into secure payment tools.
With their expertise in integrating payment capabilities into wearable devices, wearonize has been a game-changer in the market, providing services for customers such as SwatchPay!, LAKS Pay, and Live Nation.
This strategic and commercial partnership between Fidesmo and wearonize will leverage the strengths of both companies, creating a unified, scalable solution for contactless payments. The collaboration aims to enhance the user experience while providing a more efficient and cost-effective option for issuers and wearable manufacturers. Furthermore, it will expand the reach of the wearable brands connected to both Fidesmo and wearonize.
«We are excited to join forces with wearonize,» said Mattias Eld, CEO of Fidesmo. «This partnership will allow us to combine our expertise in payment tokenization with wearonize’s proficiency in technology and wearable network. Together, we aim to redefine the contactless payment landscape and provide a more scalable and efficient solution for all stakeholders.»
Thorsten Roeske, CEO of wearonize, also expressed enthusiasm about the partnership, stating, «Working with Fidesmo presents a fantastic opportunity to further our mission of providing consumers with the ultimate choice of how to pay. Our customers like Swatch will benefit greatly from Fidesmo’s platform enabling additional use cases such as ticketing, physical access, and more.»
The collaboration between Fidesmo and wearonize represents a significant stride forward in the contactless payment industry. By combining their respective strengths, these two companies aim to set a new standard for contactless payments, fostering innovation, profitability, and growth within the sector.