Consumers who already own both a Fitbit and Mastercard will be able to add their eligible cards to their fitness smartwatch and pay by tapping their device neat a contactless terminal.
The new system will be available at 6.6 million merchant locations globally.
Only currently available in the United States, the system is for general download in October, with plans for roll out further internationally in the next coming months.
Jon Oakes, vice president, Product Management, Fitbit, says the collaboration is one of the first steps towards a seamless convenient payment system.
“We’re focused on delivering the features that add that right level of utility to our users, so they can focus on reaching their health and fitness goals. Fitbit Pay lets you make payments on the go directly from your wrist with Fitbit Ionic, adding convenience to your life and the ability to leave your smartphone and wallet at home.”
The company has assured its customers that everywhere has the ability to make and receive secure payments, with the same security available to physical card holders.
According to Matt Barr, senior vice president, core and digital products at Mastercard, Australasia, says the new system joins Kiwis love to the outdoors with their love of convenience.
“Kiwis lead incredibly active lives and there is a real emphasis on getting outdoors. Incorporating payment technology into wearable devices is likely to really appeal to New Zealand consumers as it means they will have one less thing to carry while they are out and about.
“With the adoption of wearable technology being on the rise, we are looking to provide consumers with the freedom to shop using the device that is most convenient to them, with the highest level of security available for payments.”
This story first appeared atThe Register.
Idealog has been covering the most interesting people, businesses and issues from the fields of innovation, design, technology and urban development for over 12 years. And we're asking for your support so we can keep telling those stories, inspire more entrepreneurs to start their own businesses and keep pushing New Zealand forward. Give over $5 a month and you will not only be supporting New Zealand innovation, but you’ll also receive a print subscription, an Idealog t-shirt and a copy of the new book by David Downs and Dr. Michelle Dickinson, No. 8 Recharged (while stocks last).