Zwipe and Credit Libanais to pilot the next generation of Biometric Payment Cards
OSLO, NORWAY and BEIRUT, LEBANON – 21 October 2021 - Zwipe is proud to announce a pilot of the new generation of biometric payment card based on Zwipe Pay ONE, with Credit Libanais, one of the largest banks in Lebanon. The bank is a principal member of Visa and Mastercard and has under its affiliation three other banks.
Across many markets globally, and especially in the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing interest in biometric payment cards from banks and payment service providers. Biometric payment cards deliver world-class security and a completely touch-less user experience to cardholders, enabling improved loyalty and accelerated customer acquisition for the banks, creating a solid business case.
Speaking on this development, Randa Bdeir, Deputy General Manager at Credit Libanais said, “Post pandemic, we have seen a strong demand for touch-less checkout as they are safer and much more hygienic which this innovation will directly address; and that is why we have partnered with Zwipe, a global leader in biometric payment card technologies, to pilot a new generation of Biometric Payment Cards that will deliver a significantly improved user experience and security for our retail clients. We are truly proud to partner with Zwipe and be the pioneers to deploy such an important development in the entire region.”
Besides the core biometric payment card technology, Zwipe will also support Credit Libanais through all pilot stages, ensuring that all end users’ experiences and feedback are systematically captured and their impact on business case assessed.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “The banking sector in Lebanon is demonstrating its appetite for innovation. We are thrilled that Zwipe Pay ONE technology has been chosen and looking forward to supporting the pilot and commercial launch by Credit Libanais.”
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About Credit Libanais
Since its establishment in 1961, Credit Libanais has developed technologically - advanced services to support its business. The Bank has one of the largest networks in Lebanon including local and international outreach in Cyprus, Bahrain and a subsidiary bank in Senegal. Year after year, Credit Libanais reaffirms its commitment to conducting business with high ethical standards and sustainability in mind.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact-free.
To learn more, visit zwipe.com
For further information, please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
