Tietoevry Banking, a leading provider of financial solutions, has signed a distribution agreement with paytech company Tapster. This partnership means that Tietoevry Banking will offer Tapster’s innovative payment solutions to its extensive client network of European banks, enabling the possibility for millions of Europeans to access new contactless payment options.

Tapster’s technology enables contactless payments tailored to various target groups through NFC-integrated wearables, such as rings, bracelets, key rings and watch straps, without the need for batteries, providing a simple and secure payment experience. By collaborating with Tietoevry Banking, Tapster opens the door to a broader customer base, allowing many banks to offer their users access to modern and innovative payment methods adapted to individual needs.

According to a recent MasterCard payment rings survey, for cardholders with payment rings the linked payment card becomes top of their wallet. Hence, wearables can be viewed as a catalyst to increase overall use of card payments.

"We are excited to expand our wearable paytech offer by partnering with Tapster, which enables our customers’ cardholders to choose from an even wider choice of ways to make payments. It fits perfectly with our value proposition of providing a future-proof and reliable ecosystem for the financial services sector to enable their customers to benefit from the convenience of modern technology,” said Ruth Hessner, Head of Card Personalization at Tietoevry Banking.

The collaboration marks a step forward for both companies in their shared ambition to drive innovation in financial services. With Tapster's groundbreaking wearables and Tietoevry Banking's strong position within card services for the banking sector, customers from all target groups will now have access to more payment options tailored to their needs.

"This partnership is a milestone for Tapster. Tietoevry Banking's extensive network of banking partners enables us to reach new markets and help customers move towards a simpler and more connected payment future," said Tobias Ericsson, CEO of Tapster.

The agreement is expected to be fully operational during 2025 and will give Tietoevry Banking's card clients across Europe access to Tapster’s solutions. This partnership also reinforces both companies' commitment to expanding innovative, user-centric payment technologies across key European markets.