Lucerne, November 22, 2021 – The Swiss startup wearonize AG has once again secured international cooperation for future-oriented, mobile payment solutions: wearonize now enables the South Korean payment technology company BrilliantTS to tokenize consumer payment cards for the BrilliantTS innovation “Fuze Card”. In addition, with access to the wearonize banking network and the wearonize portfolio of services, BrilliantTS has an open path to the European and U.S. markets.
Through this partnership, which was signed on November 9, 2021, wearonize AG, the world’s leading “fulfillment-as-a-service” provider for wearable payment solutions (for producers and banks), also enters the Asian market. BrilliantTS will entrust the Lucerne, Switzerland-based FinTech with the technical implementation of tokenization (virtualization) of various payment cards on the “Fuze Card” – a BrilliantTS innovation, and the first card to combine multiple payment cards of a consumer (credit, debit and loyalty cards,) and secure storage features such as cryptocurrency HW wallet, OTP and password manager on one device.
wearonize enables the launch of BrilliantTS "Fuze Card" in Europe and the U.S.
In addition to entry into the European market, BrilliantTS gains access to the wearonize banking network, which, with more than 65 banking institutions, is the largest network of banks and card issuers in Europe. The European launch is scheduled for Q1 2022, with the roll-out in the U.S. planned for later in the year.
“wearonize AG offers us everything we need for further expansion”
“Together with BrilliantTS, we are taking another step in the global growth of wearonize and we are, of course, also participating in the wealth of experience of BrilliantTS, who is one and only player in multi-functional smart electronic card have built up extensive expertise since 2012. The Korean market is several steps ahead of us when it comes to innovative payment methods and with this partnership we have the opportunity to bring a piece of this knowledge advantage to Europe,” says Thorsten Röske, Co-Founder and CEO of wearonize AG.
“wearonize AG can offer us what we need for further expansion: The largest network of banks and card issuers in Europe as well as carefully built and close contacts to all relevant stakeholders in the payment sector, which we need for the successful launch of our “Fuze Card” in Europe and the USA,” Songyun Jeon, CMO BriliantTS. “In addition, the wearonize team has deep technical know-how and is very agile in implementing various solutions. We have found all these to be necessary key qualifications for entry into the European and U.S. American markets.”
Further information on the cooperation: www.wearonize.com und www.brilliantts.com
About wearonize AG:
wearonize is changing the way people pay. Since its founding in 2019, the FinTech has positioned itself as the world’s leading fulfillment-as-a-service partner for banks and (fashion) accessories manufacturers looking to make payments wearable.
wearonize provides software, hardware and logistical services to help banks, manufacturers and event organizers enter the passive payment wearables market without having to invest significant time and financial resources themselves.
The wearonize team manages the entire process of analysis, development, testing, certification and distribution of passive wearables and payment technology (and other capabilities).
In 2020, wearonize became the sole software and services provider of SwatchPAY, and in 2022, wearonize partnered with BKLB to provide passive wearables at the Swiss Federal Wrestling Festival (ESAF 2022). Currently, wearonize is active in more than 25 countries and in cooperation with more than 75 banking institutions. The team around CEO Thorsten Röske currently comprises 17 members at the locations Lucerne, Switzerland, Munich, Germany and Cluj, Romania (as of May 2022).
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