Kuwait International Bank (KIB) has launched biometric payment cards powered by biometric technology firm Zwipe. The new offering will be made available to elite VIP clients of the bank under the VISA ‘Infinite Black’ product.
As part of a collaboration with Kuwait International Bank, Zwipe will deliver its Zwipe Pay solution for biometric payment cards, approved by VISA. The solution comes as a result of many years of developments and pilot tests conducted across several geographies. The cards will be produced by digital security solution provider Inkript, one of Zwipe’s partners in the region.
Deema Al Mulaifi, assistant general manager of operations at KIB, commented on the launch of the new cards: “KIB prides itself as a progressive Islamic bank that continues to offer its customers a unique banking experience enhanced by additional convenience and security.
“We are pleased to announce that our Black Banking segment customers can now enjoy innovative technology through the new biometric card, which is designed to provide convenience and ease of access with a high level of security against fraud attempts. The ability to continue delivering on-demand, tailored and innovative products and services to our customers is a unique mark that distinguishes KIB from others.
“The biometric card feature has the potential to provide our customers with a new method that adds value to their lifestyle as they can request the Visa Infinite card and activate the fingerprint to make POS transactions with great ease. In addition to this secure and simple payment solution, which is in line with the Bank’s new authentication system, the bank’s ‘Black Banking’ segment customers enjoy a range of other premium banking benefits and exclusive rewards”.
‘Biometric cards to consumers in Kuwait’
Shashank Singh, vice president and general manager for Kuwait and Qatar at VISA, said: “Visa is committed to developing and investing in emerging capabilities such as biometrics for the benefit of consumers. That’s why we’re delighted to partner with Kuwait International Bank and Zwipe in bringing this innovative biometric card to consumers in Kuwait who can now enjoy a seamless, secure payment experience.”
Ramzi Saboury, general manager for the MEA Region at Zwipe, also commented: “We are proud and honoured that the latest generation of biometric cards based on Zwipe’s solution has launched in Kuwait by KIB, which is taking the lead globally with this initiative. We appreciate the trust placed in Zwipe Pay by KIB, helping it to reach this milestone. Visa has also been a key player and partner throughout this process. Zwipe Pay is providing the best user experience from enrolment to payment, ensuring high levels of security while protecting biometric data privacy.”