Company Research Report: DIGISEQ LTD
Company Overview
- Name: DIGISEQ LTD
- Mission: DIGISEQ believes in granting consumers the freedom to use any object they wish as a payment or identification device, whether that be a watch, ring, or face mask. Through their IoT platform, they aim to make money contactless and identification secure.
- Founded: No information is available
- Founders: Terrie Smith and Colin Tanner have been instrumental, having led product development at Mastercard in 2014.
- Key People:
- Terrie Smith, CEO
- Colin Tanner, CTO
- David Birch, Non-Executive Chairman
- Headquarters: International House, 64 Nile Street, London, N1 7SR
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: DIGISEQ is known for pioneering wearable payment technology, enabling NFC contactless payments on diverse objects with over 200 different designs.
Products
1. Tokenised Wearables
- Description: Create tokenised wearables linked to existing bank cards, allowing simple tap-to-pay functionality.
- Key Features:
- Direct link to the user's current account.
- Passive wearable functionality.
2. Prepaid Wearables
- Description: These are prepaid account-enabled wearables that can be topped up for contactless payments.
- Key Features:
- Easy account top-up.
- Seamless payment experience.
3. Manage-Mii App
- Description: A user-friendly wearable management application.
- Key Features:
- Supports integration of wearables with contactless payment capabilities.
- Enables rapid personalisation and provisioning of payment data.
4. Provenance Service
- Description: Uses NFC tech to ensure and guarantee product authenticity.
- Key Features:
- Embedded NFC smart chip writes provenance data.
- Verification anytime, anywhere with an NFC-enabled device.
Recent Developments
- New Products & Features:
- Rapid Contactless Personalisation: Announced on May 21, 2021, this innovation allows any object to become a payment device through secure tokenization available on both Android and iOS devices.
- Pre-Certified Concentric Ring Inlay: A world-first pre-certified ring inlay launched to enable quick market entry for brands with Mastercard certification.
- Recent Partnerships:
- With TAP2: Announced on January 10, 2024, to enhance customer access via wearable marketplace platforms.
- With ASTARI: On October 17, 2023, forming a partnership with a Dutch wearable fashion brand to expand wearable payment technology.
- With Infineon and Thales: Collaborations aimed at reinforcing wearable tech security.
- Industry Engagement:
- Participated in the Rugby World Cup in October 2023, showcasing wearable tech through a partnership with Unlimit.
- Recognized for contributing to the market growth of wearables and moving society beyond traditional payment methods.
This report represents a detailed overview of DIGISEQ LTD, capturing its essence and positioning in the wearable payment technology sector, while outlining the innovative solutions it offers and key industry partnerships.
