According to the press release, the organisations 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.
The COVID-19 pandemic has accelerated the use of contactless payments even further as consumers demand a safe, contact-free transacting environment. However, the lack of cardholder authentication with contactless cards translates into usage being restricted to relatively small and medium value payments, hampering the ability to deliver a fully contact-free experience for all payment values. The response to this is the biometric payment card that fully enables contact-free transactions while boosting confidence and security for consumers, retailers, and issuers.
Furthermore, 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, and Africa. Both partners will start engaging with issuers from Q2 2021 and aim for starting pilots from 2H 2021.
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