FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, has secured a partnership with Zwipe to bring its next-generation contactless payment cards to issuers globally.
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.
“Biometric payment cards will bring strong differentiation and value uplift to our card issuance and management offerings. Our collaboration 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,” Krishnan Srinivasan, Chief Operating Officer, FSS PayTech, said in a news release.
“Needless to say, now more than ever, innovation can play a critical role within the context of the global pandemic which makes it even more important to bring solutions such as this quickly to our customers. 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,” he added.
Zwipe, a fintech recognized its biometric payment development has delivered many successful pilots around the world. FSS’ card portfolio consists of 800 plus million payment cards for Tier One banks and payment processors. The organizations will be 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.
“We are humbled and proud to partner with FSS, one of the most respected and global providers of payment services. This is a landmark alliance for Zwipe and will significantly accelerate our growth globally, most notably in Asia, the world’s largest payment market,” said André Løvestam, CEO of Zwipe.