Fingerprint Cards AB and Mswipe, one of India’s leading end-to-end digital enablers for SMEs, will collaborate and bring biometric debit and credit cards to India, targeting 940 million active payment card customers.
Fingerprints’ proven biometric technology, along with Mswipe, who is India’s largest independent mobile POS merchant acquirer and network provider, will target around 100,000 existing customers. The collaboration will feature Fingerprints’ T-Shape module and software platform.
“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,” said Michel Roig, President of Payments & Access at Fingerprints.
“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 continue to grow quickly,” added Manish Patel, MD at Mswipe.