Company Information

Get to know FitPay - More than Payments!

Founded in 2014, FitPay, Inc. created a business-to-business (B2B) platform to add contactless payment capabilities to wearable and Internet of Things (IoT) devices. The company's technology managed payment network tokenization through services like Visa Token Service and Mastercard Digital Enablement Service, allowing device manufacturers to seamlessly integrate secure, NFC-based payment features into their products. In 2017, FitPay, Inc. was acquired by Garmin Ltd. and now operates as a wholly-owned subsidiary. Its technology is the core foundation for the Garmin Pay™ contactless payment feature found in many Garmin smartwatches and devices.

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Technology White Label PlatformPRIMARY
Financial Other Service

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FitPay - More than Payments!

Brazil

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.