Fidor Bank and Zwipe are collaborating on the piloting of biometric payment cards in Germany.
The cards will be powered by the Zwipe Pay technology platform and will look to roll out in the second half of 2022.
The launch of biometric cards is in line with Fidor’s strategy to provide its customers with access to digital banking and payment services in ‘the most secure way possible’.
Boris Joseph, CEO at Fidor Bank, said: “We are delighted to take this big step with Zwipe, a well-known pioneer in biometric authentication and payment solutions.
“Next generation payment cards powered by on-card fingerprint authentication will greatly help to differentiate our payment offerings with respect to a seamless checkout experience and uplifted transaction security. We are aiming for a commercial launch in the second half of 2022.”
Across markets globally, Zwipe is said to be experiencing ‘strong and growing demand’ for its Zwipe Pay biometric payment card platform, which aims to deliver a touch-less, PIN-free user experience.
Besides providing Zwipe Pay as the core platform of the biometric payment card technology, Zwipe will support Fidor Bank with project support, helping the bank to drive engagement and awareness on biometric payment cards..
André Løvestam, CEO of Zwipe, added: “We are grateful for Fidor Bank’s confidence in joining forces with Zwipe to bring biometric payment cards to Germany, one of the largest payment markets in Europe.
“Fidor Bank’s position as a leading digital bank and Zwipe’s disruptive technology in biometric payments lay the foundation for a mutually rewarding collaboration. We are fully committed to ensure a successful pilot and market launch in Germany”.
