Giesecke + Devrient (G+D) Mobile Security, a German mobile security technology firm, has turned to Zwipe in a bid to develop a biometric payment device.
Under the collaboration, Zwipe will be responsible for the delivery of the technical design and core components for wearable device integration.
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G+D will be tasked with customising the product for use as a payment solution.
The product is expected to be trialled with leading banks once complete.
G+D Mobile Security group senior vice-president and head of business unit financial services Gabrielle Bugat said: “We have selected Zwipe because of their proven ability to integrate biometrics with payment functionalities into an extremely space and energy-constrained environment.
“We are confident that this joint effort will help establish new opportunities in the emerging biometric payments marketplace.”
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By GlobalDataZwipe CEO André Løvestam added: “Our new customer, G+D is one of the world’s largest players in security solutions and we are excited to launch this collaboration.”
Based in Norway, Zwipe specialises in biometric technology and offers solutions for payment cards, wearable devices and others.
In January this year, Zwipe secured $14m investment to support its growth. The company raised the funding by offering new shares to institutional and professional investors and the general public in Norway and Sweden.
