Biometric tech company Zwipe last week signed a Letter of Intent (LOI) with Malaysian digital identity solutions provider IRIS Corporation Berhad (IRIS) and MCS Microsystems Sdn Bhd (MCS) to develop, manufacture and distribute Government ID and payment solutions based on Zwipe's biometric technology in Southeast Asia a
Biometric tech company Zwipe last week signed a Letter of Intent (LOI) with Malaysian digital identity solutions provider IRIS Corporation Berhad (IRIS) and MCS Microsystems Sdn Bhd (MCS) to develop, manufacture and distribute Government ID and payment solutions based on Zwipe's biometric technology in Southeast Asia and other suitable markets worldwide.
Headquartered in Kuala Lumpur, Malaysia, IRIS Corporation Berhad (ACE Market: IRIS) is an established industry leader in providing trusted identification and payment solutions and the inventor of the world's first multi-application eID smart card. IRIS has over 20 years of experience working in trusted ID and customers in over 30 different countries worldwide, spread across Asia, the Middle East and Africa. IRIS was also the first company in Asia to set up a fully integrated manufacturing facilities for contact and contactless smart cards.
Commenting on the new venture, Chas Yap, IRIS co-founder and technical adviser said " We are looking to work with Zwipe to merge finance and ID together. This synergistic partnership aims to integrate Zwipe's core technology with IRIS's expertise in smart card manufacturing to create competitive and innovative payment cards and government ID solutions not just here in Southeast Asia but globally."
Speaking on the value of this partnership Kim Humborstad, CEO of Zwipe said "IRIS is a global player for ID solutions and has deployed millions of cards for government and institutional projects worldwide. We are excited about the partnership with IRIS and the opportunity they represent both within Payments and Government ID."