An Abu Dhabi-based FinTech startup has become Zwipe‘s latest customer, further signaling the latter’s prominence in the emerging biometric payment cards space.
The client, NymCard, specializes in streamlined payment card issuance, and has attracted the attention of FinTech investors, having raised $7.6 million in a Series A funding round earlier this year, according to a MENAbytes report. The company is seeking to disrupt the card issuance ecosystem, and it would seem that its interest in the technology that enables such disruption has naturally led it to enter the biometric payment card space.
“We are now seeing increasing interest in biometric payment cards as they combine world-class security with world-class convenience,” explained NymCard founder and CEO Omar Onsi in a statement. “Zwipe is a highly respected fintech in the biometric payments marketplace and Zwipe Pay ONE based cards will add considerable value for our customers in MEA.”
The development arrives soon after the news that Inkript, an early Zwipe customer, placed a substantial followup order for Zwipe’s biometric payment card module; and after Zwipe’s announcement that an as-yet-unnamed Tier 1 bank based in Europe has committed to a multi-country biometric payment card pilot using Zwipe’s technology.
In a statement, Zwipe’s Ramzi Saboury highlighted the “phenomenal” interest in biometric payment card adoption in the MENA region. “We are happy to partner with NymCard, a well-recognized Banking-as-a-Service provider for payment innovators and fintechs,” he said, adding later, “We are confident that this alliance will further accelerate the deployment of biometric payment cards.”
Saboury was named Zwipe’s General Manager for the Middle East and North Africa Region earlier this year.
Zwipe’s partnership with NymCard will see it providing commercialization support and technical guidance to the company, with biometric cards to be delivered by one or more of Zwipe’s manufacturing partners in the region.