News and resources on payments systems, innovations and initiatives worldwide.

Fidesmo Pay launches in Switzerland with Cembra

Source: Fidesmo Pay

Fidesmo Pay expands in Europe and is entering Switzerland by collaborating with Cembra, a leading Swiss provider of consumer finance products and services.

Tech company Fidesmo, providing the wearable payment service Fidesmo Pay, has entered a collaboration together with Cembra. This means that customers with one of the payment cards issued by Cembra, will be able to connect it to a wearable with support for Fidesmo Pay and make contactless payments. Attractive Swiss wearable partners have already joined in and will launch their smart products based on Fidesmo Pay in near future. As of end 2020, the bank has 1,030,000 credit cards in the Swiss market.#

- Fidesmo is on the growth path and is starting in more and more countries, with innovative banks and service providers. We are very pleased that we could win Cembra to take our first steps with issuers in Switzerland and look forward to our further cooperation. It is especially important to me to emphasize great personal cooperation, says Ulrich Dreefs, Head of Sales, Fidesmo.

Wearables with support for Fidesmo Pay are provided by several fashion brands and are sold online and in-store. The customer can choose from a variety of wearables - watch straps, bracelets, keyrings and much more. The payment card is easily and securely connected online when ordering the wearable and activated for payments through the Fidesmo app once the purchase has been received.

Comments: (0)