PURCHASE, N.Y.—Mastercard is partnering with U.K.-based FinGo, a biometric identity authentication and payments platform, to give the fintech access to the white labelled Mastercard Payment Gateway Services (MPGS).
The move will enable FinGo to grow its footprint for biometric payment services globally, opening access to a network of acquirers and millions of merchants worldwide, Mastercard said.
“FinGo’s focus on identity-enabled transactions and the work the team is doing in biometric applications will add to the checkout choice vendors can offer their customers,” said Keith Douglas, executive vice president at MPGS.
FinGo will also integrate the MPGS tokenization service to securely store personal data associated with any transactions, which allows registered users to make payments by scanning their unique finger vein pattern, according to Mastercard.
‘Vein IDs’
The platform is also used for age verification, identity and membership and loyalty schemes, facilitating the use of vein ID in a variety of other settings, the company said.
“Our partnership with MPGS will allow us to bring biometric payments to a much wider global audience and accelerate our expansion, particularly within MENA which is one of our key strategic regions,” FinGo COO Simon Binns said.