Zwipe and Inkript to launch Zwipe Pay One in the Middle East

By Edil Corneille

Biometric FinTech company Zwipe and Beirut-based Inkript, a digital security provider in the Middle East and Africa (MEA) region and a subsidiary of Resource Group, have launched a joint project to deliver a contactless payments experience, Zwipe Pay ONE, to banks across the Middle East.

“Since we announced our partnership with Zwipe, and as a result of the surge in contactless payments, our customers are increasingly demanding safer and more secure payment options; more so today with the impact of the global COVID-19 pandemic on people’s actions towards the nature of cash. It is undoubtedly that security, convenience and contactless are the future of payments, and banks are ready to dive into new technologies that support consumers’ changing behaviors towards money, hygiene, comfort, and overall wellbeing,” says Riad Itani, Managing Director at Inkript.

He added, “Biometric payment cards powered by the Zwipe Pay ONE platform are the most compelling way to address this demand, in terms of both performance and cost. We are enthusiastic to take this next step with Zwipe.”

Inkript has placed an order to Zwipe, commencing small scale manufacturing of biometric payment cards based on the Zwipe Pay ONE platform. The goal is to launch pilots followed by mass-volume deployments with multiple banks in 2021.

“Inkript is a distinguished provider of smartcards and value-added services to some of the largest banks in the MEA. We are excited and proud that Inkript has selected Zwipe Pay ONE as its preferred biometric payment card platform and are now taking action together with us to provide secure payments solutions in the Middle East region,” says André Løvestam, CEO of Zwipe.