Tappy Technologies launches fitness ring to propel contactless payments

By Gloria Mathias

Tappy Technologies, a wearable payment technology company, has announced the launch of its fitness and payment ring. This ring merges fitness tracking with network card tokenisation technology for contactless payments.

This device will be unveiled during Hong Kong Fintech Week 2024, showcasing 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. It offers 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.

Tappy Fitness Ring can be tokenised with the debit, credit, and prepaid cards of associated card schemes, allowing users to make secure contactless payments directly from the ring. Tappy Technologies has collaborated with Thales, a global leader in payment card technology, to incorporate its secure element chips into this innovative product. This feature provides a convenient and efficient payment experience, removing the necessity to carry cash or cards while on the move.

“We are excited to unveil the world’s first tokenised 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 the need for cash or cards. We can’t wait to see how our customers embrace this technology and enhance their daily lives,” shared Wayne Leung, CEO of Tappy Technologies.

“We are thrilled to introduce this product at the Hong Kong Fintech Week 2024,” said Suboor Ahmed, Chief Operating Officer of Tappy Technologies Ltd. “This product represents a significant leap forward in wearable technology, combining fitness tracking and secure tokenisation-based payments capability in one compact device. By integrating network-certified secure element chips from our partner Thales, we have ensured the ring meets the global payment standards. Our goal is to empower 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, waterproof design and a long-lasting battery, ensuring that it can keep up with even the most active lifestyles.