FSS Taps Norway’s Payment Firm Zwipe to Offer Biometrics Payment Cards Globallyby Fintechnews Baltic May 11, 2021
Financial Software and Systems (FSS), a global provider of integrated payment products and a payment processor, is partnering with Zwipe, a Norway-based paymets fintech, to bring biometrics payment cards to issuers globally.
Both entities will collaborate closely, offering greater value to customers by combining FSS’s Unified Issuance Platform and Zwipe Pay One biometric card capabilities, supported by Zwipe’s fast-growing global network of card manufacturing partners.
As part of this collaboration, FSS will offer Zwipe Pay ONE biometric payment cards globally.
The initial focus will be in those markets where contactless is bringing considerable benefits in the area of financial inclusion as seen in Canada, India and a number of countries within Europe, Middle East (GCC countries) and Africa.
Both partners will start engaging with issuers from Q2 2021 and aim for starting pilots from 2H 2021.
Zwipe is a payment fintech recognised for its biometric payments and has delivered many successful pilots around the world. Meanwhile, FSS’ card portfolio consists of 800 plus million payment cards for tier one banks and payment processors.
K Srinivasan, Chief Operating Officer, FSS PayTech said,
“Our partnership with Zwipe will help our issuer clients to deliver a completely touchless and PIN-free check out experience, better in-store payments hygiene and much stronger cardholder security.
Zwipe Pay ONE is recognized as the most advanced (Gen3) biometric payment technology and complements FSS’ innovative card portfolio. It will be made available to our clients for piloting and deployment from H2 2021”.
André Løvestam, CEO of Zwipe said,
“We are humbled and proud to partner with FSS, one of the most respected and global providers of payment services.
This is a landmark agreement for Zwipe and will significantly accelerate our growth globally, most notably in Asia, the world’s largest payment market,”
Featured image credit: Screengrab from ZwipeSubscribe to the most important Fintechnews in Estonia, Lithuania and Latvia.