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FINANCIAL TECHNOLOGY | Staff Reporter, Singapore

Mastercard, MatchMove, Tappy to enable payment chips in wearables

MatchMove cardholders can add their MatchMove Mastercard to this chip.

Singaporean BaaS provider MatchMove has collaborated with Mastercard and wearable payment integrator Tappy to enable tokenisation in small payment chips for wearables, according to a joint statement.

MatchMove cardholders can now add their MatchMove Mastercard to payment chips by placing the wearable or the accessory on a Tappy-developed Bluetooth device.

After downloading the Tappy app and following the in-app instructions, the card will be tokenised via Mastercard’s Digital Enablement Service (MDES) into the payment chip.

“Mastercard is constantly innovating technologies that securely and seamlessly integrate payments into people’s day-to-day lives. By combining the versatility of Tappy and MatchMove’s technologies with tokenization, Mastercard is able to meet consumers’ need for both security and convenience at a time when contactless payments are more important than ever,” said Ben Gilbey, senior vice president for Digital Payments and Labs at Mastercard Asia Pacific.

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