Tokentization is VezoPay’s proprietary process for tying unsecured digital assets to a secure digital element, ensuring a trusted and immutable connection.

We take security seriously at Vezopay. Your ring is secure for the following reasons-

EMV Accreditation:

Our wearables have undergone rigorous security testing by Visa and Mastercard. They are fully EMV accredited, ensuring robust protection.

Tokenization:

Your user credentials are not stored on the device. We utilize tokenization, which enhances security by preventing any sensitive information from being skimmed.

Control and Monitoring:

You have control over your wearable through our app or your bank. If you lose your wearable or notice suspicious transactions, you can pause or stop it, just like any other payment device.

Physical Interaction Required:

To initiate a payment, someone would need to hold the payment terminal steadily for at least 2 seconds while your finger is in a specific position. This makes unauthorized transactions challenging.

PIN for Added Security:

After reaching a certain transaction limit, you’ll be prompted to enter a PIN at the terminal, adding an extra layer of security

No, a thief cannot skim your data, and here’s why:

1. No Visible Information: Unlike physical or virtual cards, your ring doesn’t have your name, card number, or CVV written on it. It looks just like a regular ring.

2. Invisible Credentials: Your actual card details aren’t stored on the ring. Instead, we use a process called tokenization. We assign a Visa or Mastercard token to your ring. 

Even if a thief tried to skim the data, all they would get is a random string of digits from our token, which is useless without the real credentials. This is the magic of tokenization, keeping your information safe and secure.

Our device is a secure, passive payment wearable that allows you to make payments anywhere Visa or Mastercard is accepted. Imagine it as a Google or Apple Wallet wrapped around your finger. Instead of tapping your phone, you simply tap your ring on the terminal.

The best part? You never have to charge it or look at a screen. When you tap the ring on the terminal, our advanced chip is powered by electromagnetic waves from the terminal, transmitting secure encrypted payment information just like a traditional bank card. However, it is even more secure because your credentials are not stored on the ring. Instead, they are protected by a token, keeping your information safe.

Our payment ring uses a special technology called Tokenization. Here’s how it works:

Add your bank card to our app and follow the steps to sync it with your ring.

In the background, we assign an encrypted Visa or Mastercard token to your ring. This means your actual card information is never stored on the ring, keeping your personal details secure.

When you’re ready to pay, simply tap your ring on any payment terminal. Our advanced chip gets powered by the terminal’s electromagnetic waves and securely transmits the encrypted payment information. It’s just like using your traditional bank card, but even more secure, because your actual card details are protected and hidden by the token

We are excited to announce that we are actively onboarding all major banks in South Africa. All onboarded banks will be listed on our website. If you’re unsure about your bank, please contact us before placing your order. In the meantime, you can open an account with any of the banks we have already onboarded. We appreciate your patience as we work to include your bank soon!