Modularsoft introduces Zwipe’s Biometric Payment Card Platform in Malaysia - correction of date
OSLO, NORWAY and KUALA LUMPUR, MALAYSIA – 16 February 2022 – Modularsoft, Malaysia’s leading full service smart card company, has entered into a partnership with fintech Zwipe to enable banks in Malaysia to deploy the next generation of biometric enabled contactless payment cards.
Modularsoft (also known as Modular) has been a leader in the smart card industry in Malaysia since 2007. As a fully certified provider of smart cards to the majority of Malaysian banks, Modular continues to drive innovation and bring new levels of service to the industry. Its customers include banks, fintech companies, educational institutions, insurance, healthcare and telecommunication companies across Malaysia. With the Zwipe Pay platform, Modular will further strengthen its product portfolio with this new innovative biometric card technology that is both user-friendly and highly secure.
Speaking on the collaboration, Haleelur Rahman AG, General Manager Modularsoft, said, “We are excited about the opportunities that biometric payment cards bring to us and our issuer clients. The biometric card platform provided by Zwipe combines a number of break-through technologies and drives us forward into the next generation of payment cards. We believe that highly secure and touch-less payment cards will create a very compelling proposition for banks and consumers. Our collaboration with Zwipe will provide differentiation and visible commercial value to our customers.”.
As part of the collaboration, Zwipe will provide Modular with technical and commercial support to drive the implementation of Zwipe Pay biometric cards, including a range of value added services for issuers. The cards will be manufactured by one of Zwipe’s certified smart card manufacturers in the region. The partners will engage with issuers and enterprises across Malaysia with the objective of deploying pilots and full commercial rollouts.
Commenting on this partnership, André Løvestam, Chief Executive Officer at Zwipe, said: “We are very pleased to announce our partnership with Modular, Malaysia’s leading card bureau and a highly trusted brand in delivering payment cards and personalization solutions to issuers in Malaysia. I am confident that this partnership will lead to multiple commercial launches of Biometric Payment Cards and I look forward to a very successful long term relationship between our companies.”
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About Modular
Modular is the leading player in the region within the smartcard industry, specifically in the banking and finance domain. The group gained recognition and credibility by successfully implementing the government initiative of enabling all banks to migrate from magnetic strips to chip based ATM cards; to date the group has delivered in excess of 75 million bankcards. Modular has a dedicated team of IT professionals with domain expertise in Banking and Finance, Insurance, Telecommunications and Healthcare. Modularsoft Sdn Bhd was established to provide both IT and consulting services to its current array of banking customers.
For more information, please contact us at enquiry@modular-corp.com or visit modularsoft.com.my or call +603-2711 1280.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
