This ring provides a dual-purpose solution for monitoring fitness metrics and performing contactless transactions.
At Hong Kong FinTech Week 2024, Tappy Technologies announced Tappy Fitness Ring, a wearable device that combines health tracking and tokenized payment capabilities. Developed in collaboration with secure payment technology provider Thales, the ring offers a dual-purpose solution for monitoring fitness metrics and performing contactless transactions.
Tappy Fitness Ring tracks a variety of health metrics, including heart rate, blood oxygen levels, sleep patterns, and activity data. In addition to fitness tracking, Ring can be tokenized with debit, credit and prepaid cards from associated card schemes, allowing secure contactless payments. Powered by Thales’ Secure Element chip, the feature allows users to make payments by tapping their ring on a compatible device.
Wayne Leung, CEO of Tappy Technologies, said: “We are introducing the world’s first tokenized payment and fitness ring, merging fitness tracking with secure contactless payment capabilities.” He pointed to Thales’ role in ensuring secure tokenized payments to users. Suboor Ahmed, chief operating officer of Tappy Technologies, added that the ring meets global payment standards and aims to provide users with easy-to-access fitness and payment tools.
The Tappy Fitness Ring features a water-resistant design and a long-lasting battery. When connected to the mobile app, users can see both their fitness data and transaction history.
Hong Kong FinTech Week 2024, running from October 28 to November 1, is an event in Hong Kong and Shenzhen that brings together fintech experts, investors, and government leaders from around the world. We provide a platform to discuss innovations in finance, digital banking, payments, blockchain, artificial intelligence, and other advanced technologies.
The event agenda includes multiple forums and sessions covering current fintech topics including tokenization, cross-border payments, AI governance, and digital bonds. It will also feature networking opportunities and presentations by startup finalists from the Global Fast Track competition pitching to investors and corporate leaders. This year’s lineup of speakers includes influential figures from major financial and technology companies such as Ant Group, HSBC, Standard Chartered and Tencent, as well as government representatives and industry regulators from both Hong Kong and mainland China. Included.
