Zwipe reaches biometric payment cards partnership for Hong Kong market, proposes board members

Zwipe has reached a partnership agreement with card manufacturer Toppan Forms Card Technologies Limited to collaborate on biometric payments card product positioning, development, and commercialization.

Toppan is the strongest local manufacturer in the area of Hong Kong and Macau, according to the announcement, with an extensive customer network of large banks. The company offers a wide range of data management and card solutions, and is an authorized manufacturer in Honk Kong for Visa, MasterCard, China UnionPay, JCB and AMEX cards. Toppan is currently focussed on creating new value with hybrid offerings of products and services with security elements, according to the announcement.

“Biometric payment cards can be a lucrative product for us considering the types of banks we have as customers, with many high net worth clients,” comments Toppan Forms Card Technologies Limited Deputy Managing Director Joseph Hui. “We are eager to integrate Zwipe’s technology including Zwipe Pay ONE, providing a premium status product which strengthens the contactless payment experience enabling more secure and convenient options for cardholders thanks to its enhanced biometric features.”

Zwipe refers to itself as a biometric fintech company in the announcement, and recently formed a partnership with Idex Biometrics to integrate the latter’s fingerprint sensors with its Pay ONE platform. The company also recently announced the first successful power-on execution for a biometric card made in partnership with Idemia.

“Our collaboration with Toppan Forms Card Technologies Limited is another important step for Zwipe as we prepare to roll out our Zwipe Pay ONE platform. Working with strong local players connected to leading issuers in their markets will be instrumental in enabling the scaling of our offering going forward,” adds André Løvestam, CEO of Zwipe.

The company has also announced its Annual General Meeting will be held as a digital meeting with electronic voting on May 14 2020. Notice of attendance in person or by proxy is requested by the previous day. Zwipe’s Nomination Committee has proposed two new board members to be voted on at the meeting. Diderik Schonheyder, who has served in global roles at Visa and MasterCard, and is recognized as an authority on payment products, services and systems development, according to the announcement, has been nominated. Pål Eivind Vegard, who previously served on Zwipe’s board from 2011 to 2016, and is an early investor in the company through his investment company Concito, has also been nominated to join the board.

Article Topics

biometric cards  |  biometric payments  |  biometrics  |  Board of Directors  |  fintech  |  stocks  |  Zwipe  |  Zwipe Pay