Wearable Technology Is Launched By Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank (ADIB) is collaborating with Visa and Tappy Technologies to introduce the area’s first tokenized contactless payment wearables.

Customers can purchase a clasp from the bank to use with watches and bracelets to conduct contactless payments.

A supported ADIB PAY app by Tappy tokenizes the customer’s Visa card. The Bluetooth-enabled digital card is instantly provided to the payment clasp’s chip.

Following that, app users may begin making payments and seeing their transaction history.

Salima Gutieva, VP and country manager for UAE at Visa, says, “Wearable tech is a fast-growing market, especially among young people who are tech-savvy and want to pay without cash.”

“By combining Tappy’s technology with our highly secure tokenization technology, ADIB can meet their customers’ need for security and convenience at a time when contactless payments are very important.”