back Back

Fingerprints and Transcorp partner to bring contactless biometric cards to India

By Leandra Monteiro

May 02, 2022

  • Biometric Payment Cards
  • Card Payments
  • co-branded cards
Share

Fingerprints, TranscorpBiometrics company, Fingerprint Cards AB (Fingerprints™) and Transcorp, a 27-year-old Reserve Bank of India regulated Prepaid Instruments license holder, collaborate to bring biometric technology to India. The collaboration will be targeting 940 million active cardholders in India. Transcorp has pioneered and democratized co-branded cards in India for FinTech’s and has a varied and broad portfolio of B2B partners. The biometric cards to be launched will feature Fingerprints’ T-Shape module®, which is tailored to be integrated into biometric payment cards using standard automated manufacturing processes.

“We are pleased to collaborate with Transcorp, to bring state of the art contactless biometric cards to Transcorp’s customers. This collaboration will bring consumers in India a more secure, fast, and convenient payment experience. We see huge potential in India and the APAC region since contactless payment transactions have been increasing year on year,” said Michel Roig, President of Payments & Access at Fingerprints.

Ayan Agarwal, who heads the PPI Business at Transcorp added “In the spirit of financial innovation and payments security, we are thrilled to collaborate to launch India’s first contactless biometric authenticated card! This will further expand offerings to over one million Transcorp customers. Delivering this project required the approvals of many entities, which Transcorp was able to secure in record time. This reinforces continuous successful efforts to enable Transcorp’s fintech partners to achieve their desired milestones by aligning stakeholder deliverables.”

Previous Article

May 02, 2022

Khazna partners with ADIB Egypt to launch its Khazna Card

Read More
Next Article

May 02, 2022

21Shares launches BOLD, the world’s first Bitcoin and Gold ETP

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Biometric Payment Cards

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Storfund & Mangopay to ease cash flow for marketplace sellers

Read More

Today

Revolut teams with Jabil to scale development of mobile payment solutions

Read More

Today

Worldline partners with Google to enhance cloud-based innovation

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023