Commenting on this strategically important development President of Thomas Greg & Sons do Brasil, Hernani Finazzi said “We are excited to partner with Zwipe and leverage their industry leading expertise and intellectual property to be a first mover in Brazil with a product we believe has a strong value proposition to our customers, some of the region’s most established and fasted growing issuers.”

TGS intends to utilise Zwipe’s technology platform in bringing their biometric payment cards and other associated solutions to market. Development has begun with integration of the TGS payment card platform with Zwipe’s proprietary biometric technology with the first joint products planned for release in 2019. The two companies also confirmed that there are multiple banks in Brazil who have already engaged in serious dialogues to trial the solution.

Speaking on this important partnership André Løvestam, CEO of Zwipe said “We are proud to partner with a leading and innovative first mover like TGS and looking forward to collaborating on new opportunities in Latin America and beyond.”