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Fidesmo integrates to Mastercard’s Token Connect & partners with VIMpay

By Gloria Methri

January 23, 2024

  • Card Issuing
  • Contactless Payments
  • Digital Payments
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Fidesmo, Payment Tokenization, Fidesmo Pay, Mastercard, Payment Service Provider, Contactless Payments, Wearable Payment Devices, FinTech, Europe, VIMpay, GermanyFidesmo, a provider of secure and convenient contactless services, has completed its integration between Fidesmo Pay and Mastercard’s Token Connect service, also known as MDES Token Connect.

This partnership positions Fidesmo Pay as the first tokenization platform for passive wearables to successfully implement Mastercard’s latest innovation. Furthermore, Fidesmo revealed its first issuer partner for this advanced integration — VIMpay, a prominent German Neobank.

Mastercard’s Token Connect (MDES Token Connect) offers a secure environment for card issuers, enabling them to offer customers a seamless and secure method for digital payments across various platforms. By tokenizing card information, the technology safeguards sensitive cardholder data and diminishes the risk of fraud.

Mattias Eld, co-founder of Fidesmo said, “Our vision has always been to simplify access to secure and convenient contactless services – especially payments. Working closely with Mastercard allows us to accelerate this vision on a grand scale. Our integration with MDES Token Connect not only elevates our platform but also differentiates us by offering a new dimension of adaptability and security. This strategic development places Fidesmo in a unique position to enable issuers to effortlessly adapt to an ever-evolving digital landscape, thereby fulfilling our commitment to making contactless transactions universally accessible and secure.”

With the integration of MDES Token Connect, Fidesmo adds an extra layer of security while making digital payments more convenient. The feature will be rolled out across Fidesmo’s network, making it easier for issuers, like VIMpay, to adopt tokenization technology.

“Partnering with an innovative company like VIMpay demonstrates the limitless potential of tokenized digital payments,” said Mattias Eld, co-founder of Fidesmo. “We are thrilled to see our platform being utilized to make secure, contactless transactions more accessible.”

As more issuers come on board, the Swedish tech company anticipates expanding its services to further disrupt the contactless payment landscape, offering unmatched security and convenience to users globally.

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