The company is also in talks with policymakers over the use of FinGo and vein ID for vaccine certification
Mastercard teamed up with biometric identity fintech. Source: unsplash.com
FinGo has entered a strategic partnership with Mastercard. The new agreement will expand the company’s global reach, opening up access to a global network of acquirers and millions of merchants worldwide.
The partnership gives FinGo access to the white-labeled Mastercard Payment Gateway Services (MPGS) enabling FinGo to grow its footprint for payment services across Europe, the Middle East, North Africa, Asia Pacific, Australia, and North America.
As part of the partnership, FinGo will be integrating?the MPGS tokenisation service to securely store personal data associated with any transactions, which allows registered users to make payments by scanning their unique finger vein pattern.
With digital payments on the rise and an increased focus on security for both consumers and vendors, biometric authentication will make payments simpler, quicker and more secure.
The collaboration comes as FinGo continues to augment its technology for non-payment applications. The platform is also used for age verification, identity and membership and loyalty schemes, giving users the ability to register their vein pattern once, facilitating the use of vein ID in a variety of other settings.
We’ve reported that Virgin Money Australia digital bank goes live with Temenos.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
