Zwipe to Develop Wearable Devices with Hong Kong Firm

“Zwipe is paving the way to enable financial services in wearable devices, in addition to payment cards. Tappy Technologies is a proven leader in this segment and we are very excited to join forces in bringing this innovative solution into the hands of the consumer.” -André Løvestam, CEO, Zwipe

A new partnership is poised to bring biometric technology from Zwipe to the wearables sector. The company has teamed up with Tappy Technologies, a Hong Kong-based specialist in wearable payments and access control, with the latter licensing its intellectual property.

The companies say they will work together to develop wearable authentication devices, with the aim of delivering at least one initial prototype by the end of this year.

In a statement announcing the partnership, Tappy Technologies CEO Wayne Leung boasted that his firm counts “some of the biggest payment networks, banks and watch brands in the world as our trusted customers”, adding that last year its partners “sold over 85 million units”. Leung added that the delivery of “a unique biometric wearable solution is going to be a game changer in the wearable payment space as it enables second factor authentication in passive devices, offering the most secure and seamless wearable contactless payment experience to our customers.”

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For Zwipe’s part, while the company has been focused primarily on developing and promoting its fingerprint sensor solutions for biometric payment cards, CEO André Løvestam commented, “Tappy Technologies is a proven leader in this segment and we are very excited to join forces in bringing this innovative solution into the hands of the consumer.”

The partnership’s announcement comes soon after Zwipe’s appointment of a new VP of Strategic Partnerships and Alliances, Marcio Stervid, in September.