back Back

Inkript launches commercialised biometric payment card in the Middle East

By Leandra Monteiro

June 19, 2023

  • Biometric Payment Cards
  • Card Payments
  • Domestic Payments
Share

InkriptInkript, a digital security solutions provider in the Middle East and Africa, will be producing the first commercialised biometric payment card based on Zwipe’s platform. This biometric payment card will be made available by Kuwait International Bank (KIB) to its VIP customers.

The announcement was made during Seamless Middle East 2023 at Inkript stand where the company was showcasing its latest solutions and services to a pool of visitors from the payments, FinTech, identity and retail industries, among others.

On this occasion, Riad Itani, Managing Director at Inkript Industries, explained the importance of this milestone and said, “The rise of technological advancements has triggered the growth of the biometric payment cards market which is expected to reach over USD 5 billion by 2030 according to latest reports. In fact, biometric payment cards have a great opportunity to enhance the customer experience thus we are witnessing a global adoption of this technology.”

He continued, “Inkript has started to work with Zwipe on pilot programs a few years ago across the MEA and today, we are delighted to be part of the first commercialization of this technology and to manufacture the first biometric payment card for KIB in partnership with Zwipe.”

Celebrating its 50-year anniversary, Inkript endeavors to introduce technological innovations to the region and provide a seamless experience to users whether in the banking, governmental, or corporate sectors.

Previous Article

June 19, 2023

Moniepoint & Google Cloud to offer financial services to underbanked businesses in Nigeria

Read More
Next Article

June 19, 2023

3 companies at the forefront of Real-time Payments in Mexico

Read More













IBSi Daily News Analysis

September 22, 2023

Biometric Payment Cards

Banks can capitalize on new dynamics in a changing industry, 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

September 22, 2023

6 FinTech tweets you should see!

Read More

September 22, 2023

CBI expands Name Check coverage via Swift’s pre-validation service

Read More

September 22, 2023

BankID BankAxept taps TCS to enhance Norway’s payment system

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£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 2023