Thales Partners with EVERING to Secure the Next-Generation of Wearable Fashion in Japan
September 15 2021 - 8:34AM
Business Wire
- EVERING, a fast-growing Japanese FinTech startup, launches its
NFC ring, bringing the convenience of contactless payment to
Japanese consumers, leveraging a “Less is Smart”
philosophy.
- Thales’ to provide embedded security and contactless
technology, as well as payment personalisation services to deliver
trusted transactions with the smart ring.
- This first partnership with a technology start-up in Japan,
affirms Thales’ commitment to supporting Japanese customers and
partners in this fast-evolving payment ecosystem.
Contactless payment technology brings convenience to
consumers worldwide, especially in the wake of the current
pandemic. And, by bringing contactless payment devices to wearables
to integrate more seamlessly into users’ daily lives. Thales, with
its strong history in providing secure payment products to banks
and other financial institutions, now takes this to wearable
fashion in Japan.
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©EVERING
The EVERING, an NFC ring, enables contactless payments working
on a “Less is Smart” premise. The waterproof ceramic ring
supports cashless and touchless payments, offering a
seamless experience for users to pay when the ring is held
in close proximity to the payment terminal. The waterproof
battery-less ring requires no charging, and marries fashion
with technology, with the convenience of contactless
transactions.
Thales will provide both the secure embedded chip and Operating
System as well as card personalisation services for the device,
with EVERING as the Payment Card Issuer, enabling fast and secure
contactless transactions on this ring. The payment data on the ring
will be directly linked to customers’ prepaid bank accounts,. The
payment personalisation services on the rings ensure optimal data
management for EVERING. All integration and personalisation work on
the rings will be undertaken by dedicated Thales teams in Asia,
ensuring close collaboration with EVERING to meet the evolving
needs of their end users.
“We are delighted to partner with EVERING, a company that is
bridging technology and fashion with the launch of their
contactless payment ring. Thales has a long history of providing
digital identity and security solutions in Japan, notably in the
area of mobile communications and banking services. This
collaboration takes our commitment a step further as we work with
an innovative start-up to support their customers in this
fast-evolving payment ecosystem. With this partnership, Thales is
accelerating our business development efforts with alternative
payment issuers in Japan, including Fintech companies, as we
continue to refine our technology for wearable devices,” Cyrille
Dupont, Country Director, Thales in Japan
“Consumers in Japan acknowledge that contactless electronic
transactions are the way forward, with rapid adoption accelerated
by the pandemic. By combining aesthetics with functionality, and
most importantly, security, the EVERING may well be a solution that
can drive Japan towards becoming a cashless society. We decided to
partner with Thales because of their proven track record in
security and encryption technologies. With this partnership, we
assure our customers that their financial transactions remain safe
and secure and that the ring is equipped with
international-standards of security technology,” Takeshi Kawada,
Chief Executive Officer, EVERING
About Thales
Thales (Euronext Paris: HO) is a global leader in advanced
technologies, investing in digital and “deep tech” innovations –
connectivity, big data, artificial intelligence, cybersecurity and
quantum computing – to build a confident future crucial for the
development of our societies. The Group provides its customers –
businesses, organisations and governments – in the defense,
aeronautics, space, transport, and digital identity and security
domains with solutions, services and products that help them fulfil
their critical role, consideration for the individual being the
driving force behind all decisions.
Thales has 81,000 employees in 68 countries. In 2020 the Group
generated sales of €17 billion.
About Thales in Japan
Present in Japan since 1970, Thales works with over 500 partners
ranging from large enterprises to SMEs. The Group serves Japanese
needs in scientific, security and defence (Japanese government),
aerospace, digital identity & security solutions (various
Japanese organizations, MNOs, banks, governmental or civil
markets), spatial, transportation and various industrial
applications.
A strong portfolio of solutions and technologies enables Thales
to meet customer and partner needs efficiently by supporting them
in common projects. Key projects have enabled Thales in Japan to
expand the business locally and to build a dynamic and skilled
workforce.
With close to 150 employees in Japan, mainly in Tokyo, Thales’
ambition is to boost its local presence by partnering with
strategic key industrial Japanese players and to address the needs
of the local ecosystem.
About EVERING
Founded in February 2020 in Tokyo, EVERING is a high-technology
company that strives to be truly smart, starting from payments to
endless possibilities. The company adopts the philosophy of “
Simplicity in Design, Flawless Execution and Straightforward
Functionality” in its products, thereby enabling an intuitive,
seamless and refined user experience. By focusing only on the
necessary elements in its products and coupling with a sleek design
aesthetic, EVERING brings a new level of technology and design to
Japan.
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PRESS CONTACT
Thales, Media Relations Digital Identity and
Security Vanessa Viala +33 (0)6 07 34 00 34
vanessa.viala@thalesgroup.com
Thales, Communications in Japan Serene Koh +65 6594 6898
serene.koh@asia.thalesgroup.com
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