The new payment cards will be manufactured by Forzacard and powered by the Zwipe Pay ONE technology platform. The fintech, based in Norway, will also provide technical guidance and market support services as part of the agreement.
Mauricio Benavides, president of Forzacard’s parent company, says the Visa, MasterCard and Carnet-certified manufacturer is aiming to develop the next generation contactless experience as it “aligns strongly with our mission of continuous innovation”.
He continues: “Biometric capabilities uniquely combine convenience with security and safety, uplifting the card payment experience to completely new levels. Integrating Zwipe Pay ONE into our smart card programme will be key to competing and securing future business in this fast-emerging segment.”
André Løvestam, chief executive officer at Zwipe, cites Mexico’s leadership position in the adoption of biometric payment cards within Central and North America as the fintech’s motivation for partnering with Forzacard.
Løvestam adds: “Partnering with Forzacard in Mexico will enable us to respond to a strong and growing demand for biometric payment cards from banks and payment service providers in that region.”