Fidesmo, the Swedish tech company, continues to expand its payment service Fidesmo Pay and now enters Russia together with ISBC, which specialises in RFID devices and eight leading banks, all issuing Mastercard cards. Fidesmo Pay enables the banks to offer their customers a more convenient and secure way to make contactless payments, by letting them tokenize their payment card on to a wearable of their own choice.
ISBC is an international company with 19 years’ experience in development and production of RFID-based products with such cutting-edge products and solutions as smart RFID Paper, contactless wearables, virtual NFC-cards for iOS and Android devices. With the help of Fidesmo’s tokenization technology and Fidesmo Pay, ISBC wearables, such as the ISBC Pay keyring, will now also be able to be tokenized for payments.
Mattias Eld, CEO of Fidesmo, said: “Entering a new market is never easy and when we enter a new market with as many as eight issuing banks at the same time, it makes a difference straight away. It also feels incredibly exciting to work with a company like ISBC, which also specialises in contactless payments. We look forward to supporting the Russian payment landscape with secure and user-friendly payments for a long time to come”.
