HONG KONG, Oct 31, 2024 - (ACN Newswire) - Tappy Technologies, a leader in wearable payment technology, has announced the world’s first fitness and payment ring that effortlessly merges fitness tracking with network card tokenization for contactless payments. The innovative device was unveiled during Hong Kong Fintech Week 2024 (Oct 28 - Nov 1), highlighting Tappy’s commitment to merging health and technology in a user-friendly format.

The Tappy Fitness Ring is designed for fitness enthusiasts and tech-savvy consumers alike, offering a sleek and stylish alternative to traditional fitness trackers. Equipped with advanced sensors, the ring monitors various health metrics including heart rate, blood oxygen, activity levels and sleep patterns, providing users with real-time insights into their fitness journey.

The Tappy Fitness Ring can be tokenized with debit, credit and prepaid cards of associated card schemes, allowing users to make secure contactless payments directly from the ring. Tappy is collaborating with Thales, a global leader in payment card technology, to incorporate secure element chips into this innovative product. This feature provides a convenient and efficient payment experience, removing the need to carry cash or cards while on the go. Whether at the gym, grocery store or coffee shop, users can enjoy the freedom of completing transactions with just a tap of their finger.

"We are excited to unveil the world’s first tokenized payment and fitness ring, a game-changer that combines fitness tracking with secure contactless payments. This innovative product empowers users to enjoy a more active lifestyle without needing cash or cards. Our partnership with Thales has ensured a secure and seamless experience. We can’t wait to see how our customers embrace this technology and enhance their daily lives," commented Wayne Leung, CEO of Tappy Technologies

“We are thrilled to introduce this ground-breaking product at the Hong Kong Fintech Week 2024,” said Suboor Ahmed, Chief Operating Officer of Tappy Technologies Ltd. “This product represents a significant advance in wearable technology, combining fitness tracking and secure tokenization-based payments in one compact device. We have ensured the ring meets global payment standards by integrating network-certified secure element chips from Thales. Our goal is empowering users to take control of their health while simplifying their payment experience.”

The Tappy Fitness Ring is designed with user convenience in mind. It features a durable, water-resistant design and a long-lasting battery, ensuring it can keep up with even the most active lifestyles. The accompanying mobile app provides users with a comprehensive overview of their fitness data and payment history, allowing easy tracking and management.

Tappy Technologies is committed to innovation and excellence, and the launch of the Fitness and Payment Ring marks a significant milestone in the company’s mission to enhance everyday life through technology.

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About Tappy Technologies

Tappy is a world-leading wearable payment integrator connecting the watch industry to global issuing bank partners through Visa & Mastercard, with operations that span North America, APAC and CEMEA. Tappy's digital offerings and hardware white label solutions are fully trusted and certified by industry standards, including PCI and EMVCo, and are Visa Ready and Mastercard Engaged. Tappy is an approved token service provider connected to VTS and MDES that helps token requestors (brand partners) enable tokenized payments for virtually any accessory.

For more information, visit https://tappytech.com or contact info@tappytech.com

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