Zwipe, Thomas Greg & Sons do Brasil partner to develop and launch biometric payment cards

Zwipe and Thomas Greg & Sons do Brasil (TGS), one of the largest card manufacturers in Latin America with 55 million cards produced in 2018, have agreed to co-develop and launch biometric payment cards.

“We are excited to partner with Zwipe and leverage their industry leading expertise and intellectual property to be a first mover in Brasil with a product we believe has a strong value proposition to our customers, some of the region’s most established and fasted growing issuers,” said Thomas Greg & Sons do Brasil president Hernani Finazzi.

“We are proud to partner with a leading and innovative first mover like TGS and looking forward to collaborating on new opportunities in Latin America and beyond, added Zwipe CEO André Løvestam.

TGS will use Zwipe’s technology platform to bring its biometric payment cards and related solutions to market. Development has begun with integration of the TGS payment card platform with Zwipe’s proprietary biometric technology and the first joint products are expected to be released this year. The companies are already in discussion with multiple banks in Brazil to trial the solution.

Earlier this month Zwipe and TAG Systems Group announced a partnership to launch a commercial biometric payment card offering that will include a secure at-home enrollment solution. TAG Systems is the card manufacturing partner for a number of financial institutions based in Northern Europe and also provides products for European-based challenger banks.

According to Zwipe’s annual report recent events have positioned the company to pursue market share as biometric payment cards move toward mass adoption.

Article Topics

banking  |  biometric cards  |  biometrics  |  fingerprint authentication  |  Latin America  |  Zwipe