Tappy Technologies has introduced a combined fitness and contactless payments ring.
The ring allows users to tokenise their debit, credit, and prepaid cards. Tappy has partnered with Thales to integrate secure element chips into the product. Additionally, the ring is equipped with sensors that monitor various health metrics, including heart rate, blood oxygen levels, activity levels, and sleep patterns.
Wayne Leung, CEO of Tappy, stated, “This innovative product empowers users to enjoy a more active lifestyle without the need for cash or cards.”
In a related development, Tappy has collaborated with Thales to provide wearable technology for India’s IndusInd Bank. The Indus PayWear App will enable customers to convert their cards into tokens. Once tokenised, these cards can be used in various form factors, such as rings, watch clasps, and stickers, to facilitate contactless payments.