The Swedish tech company Fidesmo expands its offering Fidesmo Pay in the Swedish market as it enters a collaboration with Länsförsäkringar Bank.
Fidesmo enters a collaboration with Länsförsäkringar Bank, one of the leaders within banking services in Sweden. The collaboration will enable the bank's customers to use the payment service Fidesmo Pay to tokenize Länsförsäkringar cards onto a variety of wearables. Customers will now be able to use bracelets, key rings, watches and watch straps, and other form factors as a means of payment, to tap and pay on any contactless terminal. Paying with a wearable will bring the same benefits as paying with a physical payment card.
"We are happy to see that more and more banks offer tokenized payments to their customers, and wearable payments being one of them. We are looking forward to expanding the Fidesmo Pay offering in the Swedish market together with Länsförsäkringar," says Mattias Eld, CEO of Fidesmo.