We are enthusiastic to take this next step with Zwipe.”

He added: “Biometric payment cards powered by the Zwipe Pay ONE platform are the most compelling way to address this demand, in terms of both performance and cost. It is undoubtedly that security, convenience and contactless are the future of payments, and banks are ready to dive into new technologies that support consumers’ changing behaviors towards money, hygiene, comfort, and overall wellbeing”, says Riad Itani, Managing Director at Inkript. “Since we announced our partnership with Zwipe, and as a result of the surge in contactless payments, our customers are increasingly demanding safer and more secure payment options more so today with the impact of the global COVID-19 pandemic on people’s actions towards the nature of cash. Zwipe is a biometric fintech pioneering next generation contactless payment globally.īeirut, Lebanon: Biometric fintech company Zwipe and Inkript, a digital security provider in the Middle East and Africa (MEA) region and a subsidiary of Resource Group, announce that they have launched a joint project to deliver the next generation contactless payments experience, Zwipe Pay ONE, to banks across the Middle East. MEPS is a key regional player in card issuing, payment processing and merchant acquiring services in the Middle East and North Africa (MENA). OSLO, NORWAY and AMMAN, JORDAN – 16 August 2021 – Middle East Payment Services (MEPS) and Zwipe are pleased to announce the launch of a pilot of Biometric Payment Cards based on the Zwipe Pay ONE platform to top-level executives and key decision makers at up to 20 banks and issuers in the Levant region. The Chinese central bank released on the Apple App Store and Google Play Store this week a pilot version of a digital yuan wallet app which allows users to access their money from anywhere in the world.EPS to pilot Zwipe Pay ONE Biometric Cards with key executives at multiple Financial Institutions in Levant With regards to the development of an electronic currency for the public use, China has established a substantial lead over most countries that are still in research phase in developing a digital currency for the public use. While there is no timetable as to when the digital currency will be rolled out throughout the country, it seems that the Central Bank of China will be keen to extend the use of the currency. There have been limited tests conducted so far by the People’s Bank of China (PBoC) on the digital yuan in a few major Chinese cities, where small amounts of the currency have been used in commercial and consumer environments. Hence it is more logical for the central bank to form a partnership with WeChat Pay and Alipay rather than do this on its own. It is near impossible to convince Chinese consumers to switch to another mobile payment app, since they are so locked in to WeChat Pay and Alipay. According to WeChat Pay statistics, there are over 800 million active users every month. In addition to enabling chats, paying bills, and ordering food or transportation, WeChat Pay now also allows its enormous user base to make payments. In addition to the messaging function and the ability to make payments via WeChat Pay, users of WeChat can hail taxis and order food via the service.

It’s true that WeChat isn’t that well known outside of China, but it’s a ubiquitous tool within the world’s second-largest economy inside that country. Nevertheless, now that WeChat, which has over 1 billion users, is supporting a digital currency, it could give it a huge boost if people start to use this to arrange payments. It’s been over two years since China started to work on the digital yuan and it hasn’t been rolled out nationwide yet. China’s most popular messaging service, as well as one of the country’s biggest payment services, WeChat, owned by Tencent, is launching support for the country’s digital currency.

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