Best Mobile Payment Solution
London-based MuchBetter is another first-time CNP Award winner. The e-wallet provider, launched in 2017, enables online, POS and P2P payments and its calling card is security. The company says it utilizes tokenization, 2FA authentication, biometrics, dynamic tokens on e-money rails, and includes a linked prepaid Mastercard that includes dynamic CVV technology so the card number cannot be used if exposed in a breach.
The MuchBetter solution consists of two distinct products: its flagship e-wallet that lets users make and receive payments instantly with just their smartphone and fingerprint, and a wearable hub, enabling end-to-end wearable payment programs for third parties. This includes watches, rings, fobs, wrist bands or even cufflinks with embedded payment functionality. The company also partnered on the first metal watchable to make contactless payments.
With Swiss watch smart glass provider WinWatch, which spent five years developing its technology and negating the impact of electromagnetic signals that interfere with NFC payment technology, the companies are providing glass infused with MuchBetter’s payment technology.
This technological development could also make it quick and easy for any watch manufacturer to create their own payment watch, or even retrofit existing models with glass powered by MuchBetter—making it possible for brands like Rolex or Fossil to create their own payment watches in the future.