BFC Bulletins Monthly News Digest
Biometric payment cards are finally poised to become a commercial reality, with Norwegian company Zwipe leading the way. According to Zwipe CEO Andre Lovestam, the company plans on small-scale commercial launches of the 1st generation of biometric payment cards by the end of the year and expects demand to increase over the next few years. To increase usage and convenience, Zwipe has also teamed up with Watchdata Technologies to bring biometric payment technology to wearable devices in addition to the physical payment cards.
Lovestam attributes much of the recent demand for biometric payment options to the COVID-19 pandemic, which has highlighted the importance of contactless payment solutions that do not compromise security.
