OSLO, NORWAY and DOHA, QATAR – 28 FEBRUARY 2022 - Zwipe has partnered with Qatar Fintech Hub to bring Zwipe Pay enabled next generation biometric payment cards in the market. With this technology, the partners will deliver the highest level of security and safety with world-class user experience in making in-store payments.

Founded by Qatar Development Bank (QDB), Qatar FinTech Hub supports the growth of the fintech industry in Qatar in collaboration with leading players in FinTech ecosystem in Qatar and tie ups with major FinTech hubs including the UK, Turkey, Australia and Singapore. There is a big focus on partnering with technology pioneers who will make a difference in the payments space and bring it to a new level of experience.

Ibrahim Abdulaziz Al Mannai, Executive Director – Advisory, Qatar Development Bank, said: “I am very happy to announce the collaboration with Zwipe and welcome them as a valued member at the Qatar Fintech Hub. Zwipe is one of the leading technology brands for biometric payment solutions. Our innovation programs have witnessed tremendous success since their launch, and we are extremely happy to incorporate biometrics now. This collaboration with greatly enrich our technology competency and help Qatar to become a regional hub of fintech solutions, catering to the needs of the global market.”

As part of this collaboration, both parties will join forces to drive education, awareness building and engagement on biometric payment solutions in Qatar enabling issuers to pilot and launch next generation payment experience.

Speaking on this collaboration, General Manager for Zwipe in the MENA region, Ramzi Saboury said, “We are honored to be partnering with Qatar Fintech Hub as we believe this collaboration will further accelerate the adoption of Zwipe Pay enabled biometric payment cards among fintechs, issuers, processors and consumers. Qatar is a core market for us in the MENA region and we are already engaging with issuers in the country to pilot Zwipe Pay and be amongst the first in MENA to deploy the next Gen biometric cards.”

About QFTH

Launched by Qatar Development Bank (QDB) in May 2018, with the support of Qatar Central Bank (QCB), Qatar FinTech Hub (QFTH) is part of QDB’s FinTech vision and ambitions.

QFTH is a global FinTech hub with the purpose to support the development of the FinTech industry in Qatar. It aims to facilitate collaboration among the participants and stakeholders of the FinTech ecosystem and develop local and global relationships that will advance the bank’s FinTech vision.

QFTH brings together talented entrepreneurs, investors, and enablers to develop disruptive technologies so that great visions become reality.

QFTH offers a globally interconnected cluster, which gathers a vibrant community of FinTech entrepreneurs, industry experts, regulators, and investors.

To offer the best global opportunities, expertise, and develop a collaborative FinTech ecosystem, QFTH has tied up with global FinTech hubs, financial institutions, universities, technology partners, industry experts and others.

QFTH holds considerable opportunities for economic diversification, one of the four pillars of the Qatar National Vision 2030 that seeks to “transform Qatar into an advanced society capable of achieving sustainable development” by 2030.

For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com