Mastercard teamed up with biometric identity fintech

The company is also in talks with policymakers over the use of FinGo and vein ID for vaccine certification

Mastercard FinGo

Mastercard teamed up with biometric identity fintech. Source: unsplash.com

FinGo has entered a strategic partnership with Mastercard. The new agreement will expand the company’s global reach, opening up access to a global network of acquirers and millions of merchants worldwide.

The partnership gives FinGo access to the white-labeled Mastercard Payment Gateway Services (MPGS) enabling FinGo to grow its footprint for payment services across Europe, the Middle East, North Africa, Asia Pacific, Australia, and North America.

As part of the partnership, FinGo will be integrating the MPGS tokenisation service to securely store personal data associated with any transactions, which allows registered users to make payments by scanning their unique finger vein pattern.

With digital payments on the rise and an increased focus on security for both consumers and vendors, biometric authentication will make payments simpler, quicker and more secure.

The collaboration comes as FinGo continues to augment its technology for non-payment applications. The platform is also used for age verification, identity and membership and loyalty schemes, giving users the ability to register their vein pattern once, facilitating the use of vein ID in a variety of other settings.

Our partnership with MPGS will allow us to bring biometric payments to a much wider global audience and accelerate our expansion  particularly within MENA, which is one of our key strategic regions. With MPGS integrated, we are able to access hundreds of acquirers, and in turn, millions of merchants, to help them make payment transactions as simple and frictionless as possible
Simon Binns, FinGo’s Chief Commercial Officer

We’ve reported that Virgin Money Australia digital bank goes live with Temenos.

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