Fidesmo partners with Infineon for accessibility of services to secure elements
Swedish company Fidesmo expands its partner network in Europe by joining forces with Infineon Technologie AG, a leading secure element manufacturer providing connectivity and security in the field of IoT, mobility and payments . The two companies now look to grow the availability of contactless services for Infineon’s secure elements. The partnership has already begun with creating a more flexible solution for payment wearables with more areas of cooperation to be explored.
Fidesmo is specialized in providing scalable integrations between services and hardware manufacturers. Together with Infineon both parties will now offer secure service solutions towards hardware and device manufacturers. The two companies have a long-standing relationship and started working together in 2020 by creating joint offerings for secure enablement services.
As a first outcome of the strengthened partnership, the two companies started addressing the payments industry by matching the flexibility of Infineon's secure elements with the turn-key tokenization platform Fidesmo Pay. This will allow any OEM to have access to the large number of issuers already connected to Fidesmo Pay while also having one of the world’s smallest and scalable secure elements, SECORA™ Connect S.
“We are very excited about our partnership with Infineon. With Infineon we can provide a strengthened and more competitive solution to the market, while at the same time we can explore how to bring more scalable solutions to other verticals and products,” said Mattias Eld, CEO of Fidesmo. “It is especially exciting since we feel that we share a long-term vision for the industry and the untapped potential that we can both adress.”
“Through our partnership with Fidesmo, we are now enabling seamless, device-agnostic payment services covering all OEM steps involved in integrating security and payment functionality,” said Tolgahan Yildiz, Head of the Payment product line of Infineon’s Connected Secure Systems division. “Our SECORA™ Connect S solution is designed to meet the highest connectivity requirements while delivering the lowest energy consumption in a great variety of form factors. In addition, SECORA™ Pay W offers a very flexible, plug-and-play solution including an NFC antenna to turn all kinds of devices into payment devices.”
Both partners view the integration of Fidesmo Pay into Infineon’s SEs as a first step in a continued partnership. Within a short time frame they are aiming at integrating digital wallets in smart connected devices offering an unprecedented variety of choices for consumers and device OEMs.
Johan Sandelin Ekelund
Fidesmo
VP Strategy and Growth
+46 (0) 733 44 6616
johan.ekelund@fidesmo.com
Fabian Schiffer
Infineon Technologies AG
Senior Manager Media Relations
Mobile: +49 (151) 1425 0424
Fabian.Schiffer@infineon.com
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 has 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 Infineon
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September).
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com.
