back Back

ICPS and Zwipe partner to bring biometric payment cards in Africa and Asia

By Pavithra R

July 16, 2021

  • Africa
  • Icps
Share

ICPS and Zwipe partner to bring biometric payment cards in Africa and Asia Biometric fintech company, Zwipe and ICPS, a leading international card payment processor and card personalization bureau, announced entering into a partnership to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and Asia.

The COVID-19 pandemic has boosted the use of contactless technology and ultimately the need for consumers and businesses to make higher-value payments using contactless cards. However, the contactless limit increase for payments also posed a higher risk for users without an additional layer of security.

Through the partnership, both ICPS and Zwipe will work together to bring biometric payment cards enabled with fingerprint sensors. With an embedded fingerprint sensor in the card, consumers will benefit from an extra layer of security with no need to enter a PIN code on the POS terminal.

“As a provider of innovative payment services in the African continent, we pride ourselves in delivering future proof innovations. Together with Zwipe we will bring a new payment solution that will help financial institutions to differentiate their services, provide safer and much more secure payment solutions and uplift customer loyalty. Zwipe is a well-regarded technology brand in the biometric payment space and we are very happy to join forces with them”, said Khevin Seebah, CEO at ICPS.

Zwipe will provide the complete Zwipe Pay ONE package comprising Biometric ISO contact plate module, Passive inlay, Fingerprint sensor, OS license and enrolment sleeves. As part of this alliance, both companies will work to promote the disruptive Zwipe Pay ONE enabled biometric payment cards for ICPS’ issuers in Africa and Asia.

“We are delighted to collaborate with ICPS and bring the next generation of contactless payment cards to banks in Africa and Asia. ICPS’ strong position among financial institutions across Africa and Asia, and Zwipe’s disruptive technology and deep expertise within biometric payment cards, will create a strategic foundation for a mutually rewarding partnership,” said André Løvestam, CEO of Zwipe.

Founded in 2008, Mauritius based ICPS is a subsidiary of the HPS Group. It has a portfolio of more than 30 clients based in 22 countries in Africa and Southeast Asia. The firm provides payment processing and consultancy services for banks, FIs, and telecom operators. ICPS hosts more than 6 mn cards, drives over 600 ATMs and 11,000 POS terminals, and processes over 10 mn transactions on its platform each month.

Previous Article

July 16, 2021

Tink the Open Banking platform appoints Rowan Taylor as CRO from AWS

Read More
Next Article

July 16, 2021

Limina secures €2.54 mn to expand investment management solution

Read More










IBSi Daily News Analysis

December 06, 2022

Africa

Why SMBs can’t switch payment providers despite desire  

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

Ontop selects ThetaRay’s SONAR AML solution to detect financial crime threats

Read More

Today

Wizz Air forms payments partnership with Worldline

Read More

Today

Ajman Bank announces strategic partnership with KMMRCE Pay

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

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 2022