Hong Kong based wearable payment technology company Tappy Technologies has launched a passive biometric enabled watch strap that offers payments, access and digital authentication functionalities.
 
The company provides tokenisation services and elements to enable wearable payment applications for watch brands, major card schemes and issuers.
 
"At Tappy we continually challenge ourselves to offer the most secure, seamless and enjoyable wearable contactless payment experience to our customers,” said Wayne Leung, CEO of Tappy Technologies. “By introducing passive biometric payments through watch straps, we are raising the bar even higher as we enable second factor authentication in the most secure format.”
 
The aim, he said, was to facilitate higher value transactions through all types of wearable devices.
 
“Highly sophisticated algorithms ensure that our unique biometric sensors perform flawlessly without the need of a battery,” he said. “This is crucial especially for our watch brand partners as the design aesthetics of the watch remain uncompromised. Some of the biggest watch brands, card networks and banks are our trusted customers and we strongly believe that the future of wearable payments will be biometric."
 
The technology can be fully integrated into form factors such as watches, bracelets, jewellery, fitness bands and other accessories, instantly transforming them into payment and access devices. Achieving global EMV standards, Tappy says it provides a high level of security for payments and transactions.