Biometric technology company Zwipe has expanded its non-exclusive partnership with Infineon Technologies to tap the growing biometric card market.
Under the new long-term agreement, the two companies will develop advanced system-on-chip solutions and related system designs for mass deployment of biometric smart devices such as payment cards and other wearables.
The agreement also outlines technical and commercial collaboration between the two companies.
The partnership aims to utilise the growing market of biometric cards. The tap and go payments with these cards offer higher level of security as well as streamlines point of sale payments.
Together, Zwipe and Infineon plan to develop advanced integrated solutions optimised to the volume requirements of biometric dual-interface payment cards. The platforms will be developed to simplify card designs as well as reduce material costs.
Zwipe CEO André Løvestam said: “We are proud to strengthen our long-standing partnership with a global technology leader such as Infineon.
“This collaboration further enhances our ability to commercialise our technology and IP through competitive solutions for mass-volume deployment.”
Zwipe has a long-standing partnership with Infineon Technologies, which supplies semiconductor solutions in the payments market.
Currently, Zwipe uses Infineon’s Secure Element in all pilot projects featuring its biometric payment platform. These pilot trials are currently supporting several payment networks operated by major banks in Europe and the Middle East.
Infineon Payment & Wearables head Bjoern Scharfen said: “Our collaboration and joint offering with Zwipe is a key accelerator of mass deployment in the biometric payment market.”