MuchBetter, the wearable payments tech pioneer, has made its services available to customers in Canada as part of its rapid growth and expansion plans, helping to break down the many barriers of wearable technology for everyday people.
The expansion has been made possible thanks to MuchBetter’s new payment partner Peoples Group, the Canadian financial services provider, which has approved MuchBetter to be able to offer cards and wearable technology in the Canadian market under its own EMI.
Backed by a highly innovative technology division and with support from renowned tech investor Rtekk, MuchBetter’s latest move aims to bring stylish and cutting-edge wearable tech items to the Canadian market and to disrupt established industries and product lines.
MuchBetter’s fast-growing momentum comes amid an exciting time for wearables as they break into the mainstream, with wearable transaction volume in Canda totalling C$1.1 billion in 2023 - an increase of 32% in volume and 34% in value from 2022.
Tom Lenihan, Director of Marketing at MuchBetter, commented: “We are incredibly excited to get our wearable payments technology into the hands of as many Canadian customers as possible. Our range of wearable payment solutions are set to disrupt the standard wearable item business model in Canada and create a new way for consumer to pay. At MuchBetter we strongly believe that wearable payment technologies will soon replace phone and contactless card payments, and we are preparing to lead this shift by empowering consumers with even more freedom and flexibility in how they want to pay. Bringing these solutions to the Canadian market is the next step in our ultimate mission to bring highly desirable and aspirational payment products to more people than ever before, and to extend the convenience of contactless into people’s daily lives.”
"We are thrilled to partner with MuchBetter to bring their innovative wearable payment technology to Canadians for the first time. This collaboration marks a significant step forward in our commitment to providing cutting-edge financial solutions that enhance the everyday lives of our customers,” says Claudio Tata, Vice President of Payments and Business Development at Peoples Group. “By offering these convenient and flexible payment options, we are not only meeting the evolving needs of our customers but also setting a new standard for the future of payments in Canada.”
MuchBetter offers a wide variety of digital payment services including a digital wallet and payments gateway, wearables including keyrings, watches, jewellery, and the MuchBetter prepaid Mastercard®. MuchBetter’s wearable payment solutions are all accepted at Mastercard acceptance points and can be used to make payments all over the world, anywhere that displays Mastercard or the contactless payment symbol, just by tapping the product on the contactless payment terminal.