Fidesmo and wearonize Announce Strategic Partnership to Revolutionize Contactless Payments
Dubai – May 8, 2024 – Fidesmo, the leading provider of the payment tokenization platform Fidesmo Pay, and wearonize, the innovative payment service provider for SwatchPAY!, proudly unveil their strategic and commercial partnership. This collaboration marks a significant milestone in the contactless payment industry, aiming to set a new standard and enhance the scalability of contactless payment solutions for both issuers and wearable manufacturers.
Fidesmo Pay, renowned for its integration with VISA and Mastercard, has been spearheading the contactless payment revolution. Its advanced tokenization technology enables secure and seamless transactions, potentially transforming everyday accessories into secure payment tools.
On the other hand, wearonize has been instrumental in providing payment services for renowned brands like SwatchPay!, LAKS Pay, and Live Nation. Their expertise in integrating payment capabilities into wearable devices has been pivotal in reshaping the market landscape.
The strategic partnership between Fidesmo and wearonize will leverage the strengths of both companies to create a unified, scalable solution for contactless payments. This collaboration is poised to not only enhance the user experience but also provide a more efficient and cost-effective solution for issuers and wearable manufacturers. Furthermore, it will significantly expand the reach of wearable brands connected to both Fidesmo and wearonize.
“We are thrilled to join forces with wearonize,” stated Mattias Eld, CEO of Fidesmo. “This partnership amalgamates our expertise in payment tokenization with wearonize’s proficiency in technology and wearable network. Together, we aspire to redefine the contactless payment landscape and offer a more scalable and efficient solution for all stakeholders involved.”
Thorsten Roeske, CEO of wearonize, echoed the sentiment, saying, “Collaborating 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 greatly benefit from Fidesmo’s platform enabling additional use cases such as ticketing, physical access, and more.”
Darsini Aravindakshan, CEO of PayinFashion, expressed excitement about the strategic partnership between Fidesmo and wearonize, highlighting its potential to revolutionize the e-commerce landscape. “At PayinFashion, we are thrilled to collaborate with Fidesmo and wearonize in reshaping the future of contactless payments,” said Aravindakshan. “This partnership represents a significant step towards providing our customers with enhanced payment options and a seamless shopping experience. By integrating Fidesmo’s advanced payment technology into our platform, we are committed to offering unparalleled convenience and choice to our global consumer base.”
The partnership between Fidesmo and wearonize represents a significant stride forward in the contactless payment industry. By amalgamating their respective strengths, the two companies aim to establish a new standard for contactless payments, driving innovation, profitability, and growth in the sector. Together with PayinFashion, they are poised to shape the future of online payments, offering consumers unparalleled convenience and choice in the e-commerce space.
