back Back

Fingerprints and Tesco partner to promote contactless biometric payment cards in the Middle East

By Leandra Monteiro

September 07, 2022

  • Biometrics
  • Card Payments
  • Contactless Payments
Share

FingerprintsGlobal biometrics company, Fingerprint Cards AB (Fingerprints ™) and financial and banking solution provider, Technical Equipment & Supplies Company (Tesco), are collaborating to promote and support the adoption of contactless biometric payment cards in the Middle East.

The partnership follows a strong start to the year for Fingerprints, with its biometric sensors and software platform for biometric payment cards gaining new grounds in Africa, India, and now the Middle East – a key market for the global biometrics company.

The innovative biometric payment card, initially launched by Thales, embeds Fingerprints’ second-generation T-Shape module and software platform, and will be commercialized and personalized by Tesco for the regional customers. The technology combines extensive research and development investment with key learnings from more than 20 successful market pilots and commercial rollouts. It delivers increased performance and power efficiency, enabling the most cost-effective biometric payment cards to be produced and integrated using standard manufacturing processes.

These credentials were most recently demonstrated when the solution achieved compliance with Mastercard’s new Fingerprint Sensor Evaluation Process earlier in the year.

“Tesco is a key player supporting digital financial transformation in Jordan and the Middle East,” commented Michel Roig, President Payment & Access at Fingerprints. “This partnership opens up new business opportunities for Fingerprints with Tesco’s loyal client base and enables us to support its mission to strengthen payment efficiency and security in the Middle East, improve the payment experience for consumers, and open up new revenue channels for banks.”

George Abdel-Massih, Director of IT & Banking Solution at Tesco added, “There’s an increasing demand from Middle Eastern consumers for innovative, safe and seamless ways to pay. This has led to the rapid digitization that we’re seeing, and supporting, in the region’s banking and payments sector. By working with Thales and Fingerprints, we can tap into its leading biometric technology, expertise and solutions to enable new, exciting ways for our banking and financial customers to meet this demand.”

Previous Article

September 07, 2022

Clip secures a $50m credit facility to strengthen Mexico’s economy

Read More
Next Article

September 07, 2022

Paytm Labs launches a fraud risk management platform, Pi

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Biometrics

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

Today

Payset and ClearBank partner for local and cross-border payments

Read More

Today

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024