This collaboration aims to establish a new standard for contactless payments, offering a more scalable solution for both issuers and wearable manufacturers.

Fidesmo Pay, integrated with both VISA and Mastercard, has been at the forefront of the contactless payment revolution. The platform’s advanced tokenization technology enables secure and seamless transactions, potentially transforming everyday accessories into secure payment tools.

wearonize has been instrumental in providing the payment service for customers like SwatchPay!, LAKS Pay or Live Nation. Their expertise in integrating payment capabilities into wearable devices has been a game-changer in the market.

The strategic and commercial partnership between Fidesmo and wearonize will leverage the strengths of both companies to create a unified, scalable solution for contactless payments. This collaboration will not only enhance the user experience but also provide a more efficient and cost-effective solution for issuers and wearable manufacturers. The partnership will scale 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. "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 partnership between Fidesmo and wearonize marks a significant step forward in the contactless payment industry. By combining their respective strengths, the two companies aim to create a new standard for contactless payments, driving innovation, profitability and growth in the sector.