Zwipe partners with leading fintech player ‘QPS’ to bring Next Generation Payment Cards to Asia and the Middle East
OSLO, NORWAY and DUBAI, UAE – 27 September 2021 – Zwipe and Que Processing Services (QPS) are joining forces to bring Zwipe Pay ONE biometric payment cards to banks in two key markets, Asia and the Middle East. This collaboration will facilitate a faster and smooth rollout of next generation payment cards and address the fast-growing demand for safer and more secured payment solutions. This strategic collaboration is part of a broader strategy of QPS to expand its reach across the key markets of the Middle East.
QPS provides a fully managed card issuance and processing platform services to various financial and non-financial institutions. The company powers modern payment experiences by offering wide-ranging physical and virtual cards with a highly innovative platform. QPS delivers innovative card programs in multiple countries including India, South Asia & Middle East.
Speaking on the collaboration, Vinay Kalantri, Founder & CEO of QPS said: “Across every industry, modern payment solutions are disrupting the status quo. Zwipe Pay ONE Biometric Payment Cards will uplift QPS’ payments portfolio and demonstrate our commitment to bringing breakthrough innovations to the banking sector. Zwipe is a globally recognized biometric fintech company and our collaboration will provide differentiation and meaningful commercial value to our bank customers.”
As part of this partnership, Zwipe will support QPS in the commercializing of next generation payment cards duly backed by the certified regional card manufacturing partners delivering Zwipe Pay ONE-based biometric payment cards.
“We are experiencing a growing interest in biometric payment cards and Zwipe. Partnering with well-known next generation payment processors such as QPS will be instrumental in accelerating the deployment of the biometric payment cards to consumers and banks. As QPS is enabling banks to quickly launch new and innovative payment programs, both partners see strong product and go-to-market synergies. We are sure that this journey will further accelerate the deployment of biometric payment cards in the region,” commented Ramzi Saboury, General Manager for Zwipe in the MENA region.
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For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
About QPS
QPS is a leading B2B service provider offering a fully managed card issuance and processing platform, which is integrated with the banks as well as payment servers. Incorporated in February 2019 by Mr Vinay Kalantri, the company is headquartered in Mumbai and a back-office stationed in Chennai. Listed as 50 Most Promising Entrepreneurs of 2017, Mr Vinay Kalantari has been a part of the Fintech fraternity for more than two decades.
QPS delivers an extensive Open API issuing card management system, QPS has a team of experienced professionals from the payment industry. This team has together earned a global clientele in the past two years and QPS aspires to expand its reach in the Middle East, UK, and Europe. QPS aims to provide end-to-end and cutting-edge secure payment solution with real-time customer and data insights that enables innovation and helps businesses adapt, scale and optimize.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment card 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 and 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
