Fidesmo and Visa enter a collaboration
The Swedish tech company Fidesmo enters a collaboration with one of the world’s largest payment networks, Visa. The collaboration enables more banks to offer the secure and convenient wearable payment service Fidesmo Pay.
The integration between Fidesmo and Visa’s tokenisation platform VTS opens up for any bank issuing Visa payment cards to activate the payment service Fidesmo Pay. Activating Fidesmo Pay gives customers the opportunity to put a Visa payment card token into a variety of wearables – bracelets, keyrings or watchstraps, to mention a few – to tap and pay on any contactless terminal that accepts Visa.
– Integrating Visa's tokenisation service is a very important milestone for Fidesmo and our ongoing expansion. The collaboration helps us reach a whole new group of card holders at a large scale, as it opens the opportunity for any bank issuing Visa payment cards to activate Fidesmo Pay, says Mattias Eld, CEO of Fidesmo.
– Visa is the world’s leader in digital payments – and partnering with Fidesmo is a perfect example of how we can use our global reach and know-how to bring great technology to life at a broader scale. Wearables improve the shopping experience for customers and we are proud to continue our support to developing this technique, says Hélène Podsadni Nilsson, Head of Fintech at Visa in the Nordics and Baltics.
Paying with a wearable will bring the same benefits and security as paying with a physical Visa payment card. Wearables that can be used with Fidesmo Pay are provided by several European fashion brands and can be bought either online or in-store.
About Fidesmo
Fidesmo makes it possible to connect contactless services, such as payment, public transport tickets, office and hotel access and car keys, to a variety of devices, such as wearables, cards and phones. Providing a secure, constantly growing platform and a streamlined integration process, the Swedish tech company have earned the trust to work with the world leaders in access, payments, security and mobile devices. Fidesmo was founded in 2013 and has its headquarters in Stockholm and R&D offices in Madrid. Read more at fidesmo.com.
About Visa
Visa is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.
Athena Afshari
PR Manager, Fidesmo
athena.afshari@fidesmo.com
Tel: +46 72 252 92 81
