Tappy Tech and IndusInd Bank Join Hands For Wearable Payments

CIOTechOutlook Team | Wednesday, 20 March 2024, 08:51 IST

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Tappy Technologies has introduced India's spearheading tokenization solution for wearable payments, created in organization with IndusInd Bank and Thales. This combine effort has brought in the production of the Indus PayWear Application, offering customers of IndusInd Bank a consistent strategy to digitize their cards through the application. Once tokenized, these cards can be provisioned into structure factors, for example, Rings, Watch Clasps, and Stickers to empower contactless payments.
 
The launch will empower IndusInd Bank to enable its customers with a cutting edge stage that rethinks the manner in which monetary communications happen. This progression modernizes the way to deal with installments as well as sets new guidelines for client driven arrangements, upgrading comfort, security, and flexibility.
 
"This partnership between Tappy Technologies, IndusInd Bank and Thales aims to revolutionize wearable payments in India. By leveraging Tappy's Tokenization solution, customers can now easily convert their physical cards into digital form through the Indus PayWear App. This move not only enhances security but also provides a more convenient payment experience for users," says Suboor Ahmed, Chief Operating Officer at Tappy Technologies.
 
Prashanth Dappula, Chief Product Officer, Tappy Technologies stated, "For this product we have followed all requisite guidelines of RBI to keep your card information safe. We keep information security at the center and goes beyond just using your phone for payments. Now, with our smart technology, we've made your physical accessories like rings and stickers more secure than your card. We make sure that the long card numbers are kept secret, and a super-strong protective layer keeps your real card details safe inside your accessories. So, when you use your Indus PayWear Rings, Clasps, or Stickers for easy and safe payments, you can trust that your information is super secure."
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