Announced at Mobile World Congress in Barcelona Feb. 22, Mastercard and WISeKey have partnered to offer wearers of specific luxury watches and wearables a payment solution that allows consumers to shop securely. Payment protection is an important issue for brands, regardless of sector, to consider, especially if its core consumers are affluent.
The partnership between Mastercard and WISeKey combines both companies’ expertise in global payments and digital security solutions. The latter firm currently works with a list of high-end watchmakers, including Hublot and Bulgari, both of whom use WISeKey’s patented security software, WIS.WATCH.
Bulgari, for instance, brought traditional craftsmanship into the digital ecosystem with an intelligent timepiece focused on data security.