Mastercard and Tappy Technologies to embed payment chips into accessories

This setup will be first seen in analogue watches by Timex Group.

What if you could pay for your purchases and load up your card details with your personal watch? Mastercard and wearable token provider Tappy Technologies entered a strategic partnership that will see the two companies enabling contactless payments through fashion wearables by embedding their respective technologies into a range of accessories, starting with analogue watches by Timex Group.

Tappy’s patented contactless payment chips can be embedded into any fashion accessory. By partnering with Mastercard, Tappy can integrate its technology platform with Mastercard Digital Enablement Service (MDES) to tokenize payment credentials when consumers use their mechanical or digital watch or wearable to make a purchase at any merchant that accepts Mastercard contactless payments.

The first brand to embed these payment technologies into their wearables is Timex Group. Starting with timepieces, Timex Group will debut its payment-enabled range in the first half of 2020, across a variety of collections and straps, which will be sold separately.

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