Company Information

Get to know Fit Pay

Founded in 2014, FitPay, Inc. developed a business-to-business (B2B) platform that enabled Internet of Things (IoT) and wearable device manufacturers to add secure, contactless payment and authentication services to their products. The platform connected device OEMs to the major payment networks like Visa and Mastercard, handling the complex tokenization process required for secure transactions. The company was acquired by NXT-ID, Inc. in 2017. In May 2019, Garmin Ltd. acquired the assets and engineering team of FitPay, Inc. from NXT-ID to power and expand its own Garmin Pay™ service.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Fit Pay

United States

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

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.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.