Zwipe survey shows banking community support for biometric cards
Biometric tech company Zwipe reports that at last week’s Fintech Connect show it surveyed more than 100 delegates who shared their views on contactless payments. According to the survey announcement, respondents represented some of the most important players in the financial services industry including many of the largest banks in the UK, and many rapidly growing challenger banks.
The survey results show that many in the banking community see the value of integrating biometric payment applications into their product portfolios.
Eight percent of respondents said they always use the contactless payment option at checkout counters and 78 percent use a card as the contactless payment instrument compared to 22 percent who use a smart phone or 2 percent who pay via a wearable. As well, 92 percent of respondents said they want their next bank card to be a biometric one and almost 70 percent of respondents said they would be willing to pay an annual fee for a biometric bank card.
Zwipe also noted that its biometric payment cards and at-home and in-branch enrolment solutions were well received by industry stakeholders at the show.
Last month Zwipe appointed Antonio D’Albore as vp of business development and announced new biometric card trials in the Middle East.