In this 42-minute panel discussion, experts from Timex Group, Mastercard and Tappy Technologies explore the role that wearable payments will play in driving forward urban mobility and the smart cities of the future.
NFCW’s editor, Sarah Clark, is joined for the panel discussion by:
- Wayne Leung, CEO of wearable payments innovator Tappy Technologies, in Toronto
- Stephen Scholz, senior director of product and marketing for digital watches and technology at Timex Group, in Connecticut
- Ivana Petkovic, director of wearable payments and IoT for Mastercard Europe, in Belgium
Convenience, consumer choice, and the ability to use contactless payments for public transportation hold the key to driving the mass market adoption of wearable payments in urban environments, the panellists say.
Security is also a key factor, along with the ability to leverage the work that has already been done to build a contactless acceptance infrastructure, they add.
Timex Group has partnered with Tappy for the launch of Timex Pay later this year, Scholz explains during the discussion. Timex Pay will use Tappy’s wearable token service provider platform to let customers add their choice of payment card to a battery-free payment module embedded in the strap of classic, analog timepieces.
During the session, the panellists look in-depth at the role of wearable payments in public transportation, at how wearable payments add value to busy urban consumers and examine the potential of secure, contactless wearables to deliver next generation smart city experiences.
This conference session is part of the Wearable Payment Summit 2020. It has been produced by NFCW and Tappy and is sponsored by Tappy Technologies.
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This item is part of What's New in Payments.