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Countries are continuing their fight against the coronavirus, and there has been a surge in digital payment across the world, given how contagious the virus is and how people are avoiding physical contact in any way possible. Doing a payment with a wearable device provides the benefits of safety and security while easing the payment process.
Fremont, CA: Any bank issuing Visa VISA payment cards can now utilize the integration between Fidesmo and VTS, the tokenization platform of VISA, to activate Fidesmo Pay payment services. The users, now, can put VISA card tokens in any of the wearables they own, be it bracelets, watch straps, or key straps. They can do contactless payments this way.
The collaboration has enormous significance for Fidesmo, as it helped it cover a large population of cardholders as the number of the banks issuing VISA cards is large. CEO of Fidesmo. Mattias Eld says that this integration with VTS is one of the biggest milestones for his company. The wearable is slowly getting popular among consumers as they are very easy to use and simplify the shopping process. Fidesmo is supporting many such technologies and believes that integrating with the world’s largest digital payment platform will open doors to several new developments, while also exponentially increasing their reach in the market.
Several wearable devices are being used with Fidesmo Pay, and are sold by numerous European clothing companies. Hence this looks like the optimum time to launch an integration with VISA and Fidesmo will gain a higher reach and revenue out of this relationship.