Payments technology company Mastercard and Tappy Technology are teaming up to take digital payments to another level. Leaving behind cash and card payments, the duo will now be working on installing tokenised chips in fashion accessories to enable users to make payments through them.
Mastercard and Tappy have decided to start with enabling payments through analogue watches from Timex Group. The feature will be launched in the first half of 2020 and India will be on the list of the countries, as well. The duo will eventually expand the feature to other wearables. The company expects the feature will help merchants accept any Mastercard Digital Enablement Services (MDES) contactless payment.
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