Biometrics company Fingerprints has partnered with Mswipe, an India-based end-to-end digital enabler for SMEs, to bring a contactless biometric payment card to India.
Mswipe is one of India’s largest financial services platforms for SMEs providing seamless, omnichannel digital payments and other value-added financial services.
The two companies will collaborate to bring a biometric debit and credit card to India, targeting 940 million active payment card customers.
Fingerprint’s biometric technology along with Mswipe will also target around 100,000 existing customers. The collaboration will feature Fingerprints’ T-Shape module and software platform.
Michel Roig, president of payments and access at Fingerprints, said, “We are happy to collaborate with Mswipe, being a leader of digital payment provider in India. With the wide partner portfolio secured by Mswipe, we truly believe adding biometric solutions to their product range will add convenience and easy payments for merchants and consumers in the region. Contactless and digital payments are growing fast in India, as consumers are choosing touch-free, safe and seamless ways to pay.”
Manish Patel, managing director at Mswipe, added, “We selected Fingerprints’ biometric solution as the leading technology in the market. It offers proven biometric performance and the lowest power consumption, features which are of the highest importance for contactless biometric cards. Introducing biometric payment cards offers great benefits for our merchants and consumers alike, as contactless payments in India to continue to grow quickly.”
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