Zwipe partners on biometric payment cards with bank solutions provider VeriTech

Zwipe has formed a partnership to advance its biometric payment card technology in Kuwait and across the Middle East with payment and banking technology solutions provider VeriTech.

According to the announcement, VeriTech is a leading provider of EMV payment card personalization services, self-service kiosks, POS and mobile NFC and host card emulation software to the Kuwaiti banking market. VeriTech will develop biometric payment cards with key components from the Zwipe Pay ONE biometric payments platform, with Zwipe also providing advisory services to VeriTech’s bank and card-issuing customers.

“Kuwait has been a test bed and early adopter of innovative payment offerings for many years. Having seen firsthand other solutions in the market, we are excited to embrace Zwipe Pay ONE as our preferred biometric payment card product,” states VeriTech CEO Shakeel KhoKhar, adding, “the urgency with which issuers are demanding more contact-free payment alternatives is really driving interest and investment in this area with some of the largest banks in the region who we count as customers.”

Zwipe recently announced the commencement of manufacturing of biometric cards for the Middle East by its partner Inkript, as well as a deal with areeba to work towards the rollout of fingerprint-enabled payment cards in the region.

“This partnership is another big step forward for Zwipe in driving our continued expansion in the Middle East where we have a strong network of technology partners in place. Working closely with VeriTech, we will be harnessing both companies’ unique technology, product and market assets, including VeriTech’s close relationships with leading banks in Kuwait, to offer innovative biometric payment solutions,” comments André Løvestam, CEO of Zwipe.

Article Topics

banking  |  biometric cards  |  biometric payments  |  biometrics  |  contactless biometrics  |  Middle East  |  stocks  |  Zwipe  |  Zwipe Pay