The company aims to increase the number of potential users as eight leading Russian banks
Swedish company expands payment service to major European market. Source: pexels.com
Fidesmo has announced the launch of Fidesmo Pay in Russia together with the company ISBC. From now on, 8 major Russian banks offer the wearable payment service Fidesmo Pay. These are Gazprom Bank, Post Bank, Credit Bank of Moscow, Rosselkhozbank, Otkritie Bank, Alfa-Bank, TATSOTSBANK, Promsvyazbank.
ISBC Group is a provider of RFID technology, access control systems, and smart cards. This way, Fidesmo Pay enables the banks to offer their customers to improve contactless payments experience, by letting them tokenize their payment card onto a wearable of their own choice.
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.
The company also announced the launch of ISBC Key 2 with a new series called “Art in your pocket”. Each keyring contains a fragment of a painting, a tattoo artwork, a cartoon character, or a geometrical pattern. The new keyrings are equipped with a colored metal sleeve which enhances durability and is integrated into the overall design of the product.
We’ve reported that Russia is set to trial digital ruble by the end of 2021.
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