The FAB Fitness Payment Ring: Secure Payments Meet Innovative Wearable Technology with Mastercard, Tappy and Thales
Mastercard, Tappy Technologies and Thales are excited to announce their collaboration with First Abu Dhabi Bank to launch the Fitness Payment Ring in UAE, a groundbreaking product that combines cutting-edge fitness tracking with advanced payment technology.
This innovative fitness ring, promoted by a global superstar, is the first-of-its-kind to be launched by a major bank, featuring network card tokenization capabilities that enable seamless contactless payments.
The Fitness Ring is designed for fitness enthusiasts and tech-savvy consumers who seek to enhance their workout experience while enjoying the convenience of modern payment solutions.
With its sleek design and state-of-the-art technology, the Fitness Payment Ring not only tracks fitness metrics but also allows users to tokenize and provision their FAB – Mastercard debit and credit cards in the ring to make secure contactless payments with just a tap.
Abdelhafid Mordi, CEO of Thales in the UAE said, “Technology is at the heart of the UAE’s national vision, and this launch highlights how partnerships can bring innovation directly into people’s lives. 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 expertise in wearable technology with FAB’s robust banking infrastructure to deliver secure and reliable payments. At the heart of the ring, Thales provides the miniaturized secure chip that enables payment tokenization, the technology that replaces sensitive card details with digital tokens. This ensures every transaction is protected, giving users peace of mind as they make purchases on the go.
“This incredible launch with FAB, promoted by a global superstar, represents a defining moment in wearable payments. At Tappy, we are proud to collaborate with FAB on this pioneering fitness and payment ring, marking a world-first milestone for a leading bank.
We sincerely appreciate the support of our partners Thales and Mastercard, whose technologies ensure secure and seamless transactions. Above all, I want to recognize the remarkable Tappy team for their dedication and brilliance in bringing this innovation to life,” said Suboor Ahmed, Co-founder & COO at Tappy Technologies.
The Fitness Payment Ring is now available to customers through FAB’s online and retail banking channels, with a variety of colours and sizes to suit every style. Customers can look forward to exclusive features and updates through the accompanying mobile app, which will provide personalized insights and recommendations based on their fitness data.
