Dubai, United Arab Emirates: Tappy Technologies, a leader in cutting-edge wearable payment technology, is thrilled to announce the launch of its revolutionary product: the world’s first fitness and payment ring that effortlessly merges fitness tracking with network card tokenization technology for contactless payments. This revolutionary device will be unveiled during Hong Kong Fintech Week 2024, showcasing Tappy’s commitment to merging health and technology in a user-friendly format.

The Tappy Fitness Ring is designed for fitness enthusiasts and tech-savvy consumers alike, offering a sleek and stylish alternative to traditional fitness trackers. Equipped with advanced sensors, the ring monitors various health metrics, including heart rate, blood oxygen, activity levels, and sleep patterns, providing users with real-time insights into their fitness journey.

What distinguishes the Tappy Fitness Ring is its exceptional capability to be tokenized with their debit, credit and prepaid cards of associated card schemes, allowing users to make secure contactless payments directly from the ring. Tappy Technologies has collaborated with Thales, a global leader in payment card technology, to incorporate their secure element chips into this innovative product. This feature provides a convenient and efficient payment experience, removing the necessity to carry cash or cards while on the move. Whether at the gym, grocery store, or coffee shop, users can enjoy the freedom of completing transactions with just a tap of their finger.

"We are excited to unveil the world’s first tokenized payment and fitness ring, a game-changer that combines fitness tracking with secure contactless payments. This innovative product empowers users to enjoy a more active lifestyle without the need for cash or cards. Our partnership with Thales has been crucial in ensuring a secure and seamless experience. We can’t wait to see how our customers embrace this technology and enhance their daily lives." commented Wayne Leung, CEO of Tappy Technologies.

“We are thrilled to introduce this ground breaking product at the Hong Kong Fintech Week 2024,” said Suboor Ahmed, Chief Operating Officer of Tappy Technologies Ltd. “This product represents a significant leap forward in wearable technology, combining fitness tracking and secure tokenization based payments capability in one compact device. By integrating network certified secure element chips from our partner Thales we have ensured the ring meets the global payment standards. Our goal is to empower users to take control of their health while simplifying their payment experience.”

The Tappy Fitness Ring is designed with user convenience in mind. It features a durable, water-resistant design and a long-lasting battery, ensuring that it can keep up with even the most active lifestyles. The accompanying mobile app provides users with a comprehensive overview of their fitness data and payment history, allowing for easy tracking and management.

As part of the launch, Tappy Technologies will be offering exclusive demonstrations of the Fitness and Payment Ring at its booth during Hong Kong Fintech Week. Attendees will have the opportunity to experience the ring’s capabilities firsthand and learn more about the technology behind it.

Tappy Technologies is committed to innovation and excellence, and the launch of the Fitness and Payment Ring marks a significant milestone in the company’s mission to enhance everyday life through technology.