Timex Group Announces Partnership with Tappy Tech for Tokenisation of Timex Wearables

Tappy Technologies, the Hong Kong-based wearable and digital payments solution provider, has launched a partnership with Timex Group headquartered in Connecticut, USA. The watchmaker Timex is looking to take advantage of Tappy Tech’s token payments technology that can turn our time keeping watched into a credit or debit card.

Tappy, the first licensed Wearable Token Service Provider of its kind, offers a unifying platform for digital and mobile payments to traditional watch brands enabling them to turn their products into cutting edge mobile payment carriers. The partnership was finalized and unveiled at MWC Barcelona during the Tappy Product Launch Event. With a global aim to turn every watch into a secured credit or debit card, Tappy’s battery-less chip can be placed in virtually any watch strap and be tokenized using Tappy’s Universal Passive Provisioning Unit (UPPU), allowing traditional watch brands to enter the digital mobile payments market.

Wayne Leung, CEO Tappy Tech, said, “We are proud to launch our Wearable Token Service Platform in partnership with Timex Group on the two major card schemes VISA and MasterCard.” The tokenization platform coupled with Tappy’s patented authentication and provisioning solutions is going to be a game changer for the traditional watch industry. Protected by highly sophisticated algorithms ensure flawless functioning without batteries leaving room for any product that incorporates their technology to be aesthetically pleasing, something which is a prime decision making factor when it comes to watches.

This will prove to be a cohesive addition to the world of fashion and technology providing consumers with quick, easy and stylish ways of making secure payments, enabling a future where everyday wearables could eventually replace the credit card. Brian Pemberton, Group VP Advance Products, Timex Group, said, “Timex Group has always been at the forefront of technological innovation in the area of wrist-worn devices. Tappy’s tokenization solution enables us to sell our payment enabled devices globally. The highlight of the new solution is Tappy’s UPPU (Universal Passive Provisioning Unit) which enables non-chargeable devices like traditional timepieces to be tokenized.

Leave a comment