STOCKHOLM: Zwipe AS announced that its biometric payment platform, Zwipe Pay ONE, has been selected by Swedish fintech Vopy.
Vopy, a provider of embedded financial services for telecom and financial institutions, is headquartered in Stockholm and has its R&D in Oslo.
As a commercial issuer, Vopy will issue biometric payment cards powered by Zwipe Pay ONE and delivered by card suppliers in Zwipe’s network.
Vopy’s partner network consists of telecom providers and financial institutions that reach millions of consumers. In the first phase of collaboration, Vopy aims to launch a pilot in Q3 2021.
Subject to a positive outcome from the pilot, Vopy aims for an initial rollout from Q4 2021, starting with 100,000 biometric payment cards by the end of this year and 500,000 cards in 2022.
Vopy is an innovative fintech specializing in embedding cross-border transfers, payments, insurance and banking services through selected social media platforms and mobile apps.
This enables Vopy’s partners to quickly scale their financial services globally with efficiency, lower costs and great agility.
“As a disruptive financial services platform provider, it is crucial for Vopy to deliver a payment solution built on world-class security and user experience. Having closely followed Zwipe’s innovations in biometric payments and their global delivery network of card suppliers, our decision to go for Zwipe Pay ONE was a natural one. We are very excited about our collaboration with Zwipe and we aim to bring our strengthened financial services portfolio to partners in Asia, USA and Europe”, says Håkan Tollefsen, CEO, at Vopy AB.
Based on a unique single silicon design, Zwipe Pay ONE is the most integrated, energy efficient and mass-market viable platform for biometric payment cards.
An on-card fingerprint authentication of the cardholder eliminates the need to touch a payment terminal, even for high-value transactions, ensuring a safer, more secure and hygienic in-store payment experience.
“The decision by Vopy to pilot and rollout biometric payment cards in 2021 based on Zwipe Pay ONE is a testament to our advanced and competitive technology and global delivery capabilities thanks to our card supplier network. We are grateful for Vopy’s confidence and ready to support them with biometric payment cards on their ambitious expansion journey,” says André Løvestam, CEO of Zwipe.
Vopy is enabling Embedded Finance solutions for consumer brands, Tech providers and Financial Institutions through open APIs.