The pilot is set to take place in early 2020 before a commercial launch
Zwipe is set to introduce the first biometric payment card in Africa.
The pilot is being rolled out in partnership with Masria Digital Payments (MDP) with a medium-sized bank in Egypt.
MDP, which is based in Egypt, is the largest smart producer in the nation. Its initial collaboration with Zwipe was initiated in 2020. Since then, the two have worked together to avail biometric payment cards to customers in Egypt. The two also have a joint interest in the financial industry in the nation.
Pay ONE card solution, a product of Zwipe, will feature in the pilot. The Pay ONE card solution bolsters contactless payments. It also authenticates card holders’ identities via fingerprint recognition as opposed to PIN.
The company plans on marketing the card to other financial services providers not only in Egypt but also in other African regions. MDP also plans on launching other products that will improve contactless payments.
Over the past few months, MDP and Zwipe have collaborated to provide this product in Egypt. And with the positive response by other financial institutions, Zwipe looks forward to the expansion to other African markets. In July, the firm partnered with ICPS, a remittances and card personalization provider in Mauritius. The company then collaborated with NetPS. IDEX Biometrics provided the fingerprint sensor.
We’ve reported that Visa and Nuvei introduce crypto-friendly debit card.