Zwipe secures order for small scale manufacturing of biometric payment cards
Following an ongoing partnership with Hong Kong-based Toppan Forms Card Technologies Limited, Zwipe has secured an order for biometric payment card manufacturing, the company announced.
This is a significant milestone in the company’s business development plan to scale Zwipe Pay ONE.
“We have allocated time and space in our manufacturing facilities for producing biometric payment cards powered by Zwipe’s technology. We are excited to move ahead with Zwipe in this important project to develop the biometric payments market,” said Mr. Joseph Hui, Deputy Managing Director of Toppan Forms Card Technologies Limited, in a prepared statement.
“The APAC payments market has one of the highest growth rates in the world,” said André Løvestam, CEO of Zwipe, in a prepared statement. “We are pleased that TFCT, a payment solutions leader in this region, has decided to step up cooperation to integrate our platform in their payment cards. We look forward to working closely with TFCT to deliver safer and more secure contactless payments with the disruptive Zwipe Pay ONE platform.”
Løvestam recently predicted an increasing demand for contactless payments which will push its technology in the right direction.
In June, Zwipe appointed Bishwajit Choudhary as Executive VP Strategy & Channels to lead business development and engagement in the payment sector during the run-up to biometric payment cards commercialization.