Europeans Can Now Throw Away Their Payment Cards, Thanks to Fidesmo Pay

  • Payments
  • 04.10.2022 03:00 pm

Finally, 400 million Europeans can exchange their payment card for a ring, a bracelet, or a watch. Swedish Fidesmo Pay is now available through Curve, the international payment app, which means that digital payments with connected wearables are now made possible in the whole of Europe.

The Swedish fintech challenger Fidesmo, who uses NFC technology to enable contactless payments through wearables, now enters collaboration with the digital bank Curve. This means 400 million Europeans can join Curve and Fidesmo Pay and start using connected accessories for much faster payments.

Payment possibilities with Fidesmo Pay really are endless, but the banks must dare to keep up when payment behaviors change and technology develops. That is why we are extra excited to partner up with a modern and courageous player like Curve, says Mattias Eld, CEO and founder of Fidesmo.

With an ambition to make all of Europe pay with wearables, Fidesmo is now ready to accelerate. Since the beginning of the year, Fidesmo Pay has grown by 200 per cent, and the number of new users is currently growing at 10 per cent per month. The goal for 2023 is to double the number of units being used out in the market.

This is just the beginning for Fidesmo Pay. Users want a seamless shopping experience and the technology is already fully developed. Fidesmo Pay makes it possible for customers to pay with any accessory they want, for a significantly better user experience than competitors. The interest is enormous, Mattias continues.

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, says Eric Molitor, Chief Technology
Officer at Curve.

Connecting Fidesmo Pay with your ring or watch is free of charge for individuals and available through a number of different wearable players. If the user is connected to Curve they will get direct access to the flexibility of Fidesmo Pay. In addition, Fidesmo Pay became the first tokenized payment platform in the world to be able to include support for both VISA and Mastercard already in 2021. With strong investments and solid bank collaborations in place, the groundwork for Fidesmo Pay is now done and ready for scale-up in a much faster phase.

Fidesmo Pay will become Europe's leading payment platform for contactless physical payments. Our next step is to widen our library of connected accessories together with our partners Pagopace, Tapster and Mondaine, among others. Our goal is to offer every customer a way to blip and pay that suits them best. Our technology is already applicable to anything, only the imagination sets the limit of future payments, concludes Mattias.

Advantages with Fidesmo Pay:

  • Quick and easy payments through your ring, bracelet or watch - just like any traditional payment card. No need for double clicks or wallets!
  • High level of security via tokenizations - your card details cannot be used anywhere else but together with your wearable through Fidesmo Pay.
  • Available across all Europe via Curve - 400 million Europeans connected to one of Fidesmo’s banks are now able to start using Fidesmo Pay.

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