Zwipe is striving to fabricate its biometric card business in the MENA region. The firm has presently collaborated with the Qatar Fintech Hub to raise awareness about biometric payment technologies amongst financial shareholders within the country.
The end goal is to encourage more fiscal establishments in Qatar to include Zwipe Pay into their biometric payment cards. The Qatar Fintech Hub was set up by the Qatar Development Bank (QDB) in 2018 to streamline the nation’s financial infrastructure and inspire collaboration both domestically and abroad. The Qatar Fintech Hub enjoys relationships with pioneering financial technology developers in Turkey, the United Kingdom, Australia, and Singapore. Hopefully, those collaborations will assist in steering the growth of the nation’s financial technology ecosystem.
Biometric payments are estimated to be a principal constituent of that evolution. The Qatar Fintech Hub believes that Zwipe Pay will augment the in-store checkout experience with swifter and more safe transactions. Its outreach efforts are estimated to inspire more biometric card trials and releases in the years ahead.
Ramzi Saboury, Zwipe MENA General Manager, stated that the firm believed that the partnership would further augment the adoption of Zwipe Pay enabled biometric payment cards amongst issuers, financial technologies, consumers, and processors. Qatar is a principal market for the firm in the MENA territory. The firm is already appealing to issuers to pilot Zwipe Pay and be amongst the foremost in MENA to organise the next generation of biometric cards.
The QDB Executive Director, Ibrahim Abdulaziz Al Mannai, stated that its innovation programs had witnessed tremendous success since their release. Therefore, the firm was ecstatic to include biometrics as a new feature. The partnership would vastly enhance the firm’s technology capability and assist Qatar to emerge as a local centre of financial technology solutions, observing the needs of the international market, Al Mannai stated.
Zwipe is presently brainstorming for a biometric card trial in the Latin American territory, and the Central Bank of Iraq has also recognised the technology for regional financial institutions. NymCard, GEPCOM, and the Middle East Payment Services are Zwipe’s clientele in the Middle Eastern region.
Zwipe believes that the intrinsic uniqueness of every person is the essential part of a safer tomorrow. The firm works with great passion throughout networks of international entities, cultures, and industries to make suitability secure and safe. The firm is pioneering the next generation of biometric cards and wearable technology for physical & logical accessibility control, payment, and identification solutions.
The firm delivers deep insight and seamless solutions to its consumers and partners, ensuring a hassle-free user experience with its innovative biometric services and products.
Institutionalised and headquartered in Oslo, Norway, the firm’s maturing team is represented by 14 nationalities in 9 nations throughout five time zones – from Singapore to Colorado Springs.