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Tuesday 19 June 2018

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Nordea in Fitbit wearable payments tie-up

Written by Chris Lemmon
13/03/2018

Nordea Bank has launched a wearable payment solution through Fitbit and Garmin wearable devices, providing customers with a new way to pay.

The service is available to all customers with a private Nordea Mastercard or Visa debit or credit card in Sweden, Denmark and Finland – becoming the first bank in the region to launch such technology.

A new wallet solution from Nordea provides improved navigation, a new overview page and support for card enrolment for wearable payment services. More features, including receipt storage functionality, are planned for launch in the coming months.

The payment method is accepted anywhere that accepts contactless payments. Using tokenisation technology, card details are not shared with retailers or with Fitbit or Garmin, ensuring that customer information remains private.

Lars Boström, head of cards at Nordea, commented: “We are delighted to join forces with best-in-class brands such as Mastercard and Visa in cards and Garmin and Fitbit in wearable tech to offer the easiest and fastest payment experiences to our customers through Nordea Wallet.

“Wearables such as Fitbit and Garmin are simple ways to make card purchases on the go, directly from your wrist. Now customers can head to the gym, go for a jog or just take a walk – without a phone or wallet – and still shop on the way home.”



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