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Timex partners Tappy to tokenize wearables

Timex partners Tappy to tokenize wearables

Watchmaker Timex has teamed up with Tappy Technologies, a Hong Kong-based outfit that has developed token payments technology that can effectively turn any watch into a credit or debit card.

Tappy's battery-less chip can be placed in virtually any watch strap and be tokenized using the firm's Universal Passive Provisioning Unit, allowing traditional watchmakers to jump aboard the mobile payments train.

Wayne Leung, CEO, Tappy, says: "We are proud to launch our Wearable Token Services Platform in partnership with Timex Group on the two major card schemes Visa and Mastercard."

Brian Pemberton, group VP, advanced products, Timex, adds: "The highlight of the new solution is Tappy's UPPU which enables non-chargeable devices like traditional timepieces to be tokenized."

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