4. Contactless Payment on All Wearables
STPay-Boost-F is our first solution in partnership with Fidesmo, a Swedish Trusted Service Manager (TSM), that ensures the implementation of over-the-air personalization/tokenization to transform a wearable into a contactless mobile payment solution. It is highly symbolic because manufacturers no longer have to invest in expensive machines to implement a tokenization feature at the factory. As a result, the industry is increasingly talking about turning all wearables into payment systems, which will require the credit card issuers to come up with clear protocols and will most likely lead to more partnerships between makers of NFC components and TSMs.