Biometric fintech firm Zwipe has partnered with Watchdata Technologies, a China-based smartcard manufacturer, to develop and roll out biometric-based contactless payment cards.
In addition to the payment cards, the partners will also develop wearable products and aim to bring both these products to banks in several regions.
Headquartered in Singapore, Watchdata Technologies serves 80 million banking customers in over 70 countries.
Watchdata has extensive operations in China, France, Russia, Brazil, India, Indonesia, South Korea and Mexico.
The company is a Visa, Mastercard, and UnionPay certified manufacturer and provides a suite of payment products and services to financial institutions.
Watchdata product manager Nicole Guo said: “Partnering with Zwipe to develop the next generation contactless experience aligns strongly with our mission of continuous innovation.
“Biometric capabilities uniquely combine convenience with security and safety, uplifting card payments’ experience to completely new levels.
“Integrating Zwipe Pay ONE into our smart card program will be key to competing and securing future business in this fast-emerging segment.”
Under the partnership agreement, Zwipe will provide key components and technical guidance for developing the new products – starting with the biometric payment cards.
Speaking on the partnership, Zwipe CEO André Lovestam said: “We are proud to partner with Watchdata, a fast-moving, an innovative and global organization representing significant volume potential in many countries globally for the Zwipe Pay ONE platform.
“Together, we will develop and roll-out the next generation contactless experience through cards and wearables, addressing the security, safety and privacy needs of consumers worldwide.”