Mastercard, Tappy Technologies, Thales, and First Abu Dhabi Bank (FAB) have launched the Fitness Payment Ring in the UAE, a device that integrates fitness tracking with contactless payment functionality.
The ring allows users to link their FAB – Mastercard debit and credit cards via network tokenisation, enabling secure tap-to-pay transactions.
Abdelhafid Mordi, CEO of Thales UAE, said:
“At Thales, our role is to build a future we can all trust, and we are happy to be supporting the country’s ambitions for a secure, digital, and knowledge-driven economy with this partnership.”
The Fitness Payment Ring combines Tappy’s wearable technology expertise with FAB’s banking infrastructure.
Thales provides the miniaturised secure chip at the core of the ring, which supports payment tokenisation by replacing sensitive card information with digital tokens, ensuring transactions remain protected.
Suboor Ahmed, Co-Founder and COO of Tappy Technologies, added:
“This launch with FAB, promoted by a global superstar, represents a defining moment in wearable payments. We are proud to collaborate on this pioneering fitness and payment ring, marking a world first milestone for a leading bank.”
The ring is available through FAB’s online and retail channels in various sizes and colours. An accompanying mobile app provides users with personalised insights and recommendations based on their fitness data.
Featured image credit: Edited by Fintech News Middle East, based on image by leungchopan via Freepik
