Curve and Fidesmo to meet growing demand for wearable payments
By Leandra Monteiro
Curve, the financial super app which empowers customers to understand and master their finances by combining all debit, credit and loyalty cards into one, has announced a partnership agreement with wearable payments enablement company Fidesmo.
Curve is on a mission to give customers financial freedom by simplifying and unifying how they spend, send, see and save money and this partnership furthers that ambition. By partnering with Fidesmo, Curve is enabling users in the UK and European Economic Area to add multiple payment cards to Fidesmo partner devices, such as rings, bracelets, keyrings, watches and pens, and pay at contactless terminals.
Responding to the partnership agreement, Curve, Chief Technology Officer Eric Molitor, said, “Fidesmo is an essential partner meeting the exponential growth and demand of customers to pay by watch, ring and new wearable categories. As this market grows, Curve will continue working closely with Fidesmo to bring in new manufacturers and provide customers with unique experiences.”
Swedish technology company Fidesmo gives users a more scalable and seamless experience by using Near-Field Communication (NFC) technology to enable convenient contactless services. The secure payments are based on tokenisation, which ensures security to mobile point-of-sale transactions.
Leveraging Curve’s existing footprint across the EEA and the ability to link all your bank cards in one place, this collaboration will tap into this growing interest in wearable payment devices. In turn, it will give over 400 million consumers across Europe access to new contactless payment technologies. Fidesmo’s technology can help any wearables manufacturer enable payment as a part of their consumer offering, empowering the end user with a more scalable and seamless payment experience.
Mattias Eld, CEO and co-founder of Fidesmo, added, “We are very happy about our continued growth potential for Fidesmo Pay with the addition of Curve. It’s an important milestone for the company to be able to work with such an extensive and pivotal issuer. With Curve, Fidesmo and our partners can continue the work of broadening and building the number of contactless payment solutions to the market.”
IBSi Daily News Analysis
January 27, 2023
Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recessionRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage