CrucialTec, a biometric sensor tech company, and Danal, a mobile payment solutions provider, have formed a joint venture called BioPay.

CrucialTec said Tuesday that the two companies would use each other’s technological resources to provide secure financial settlement and authentication solutions and services through the venture.

The two tech companies previously partnered to develop a fingerprint recognition payment solution, called BioME, Danal noted.

Danal is currently seeking partnerships with U.S.-based Verizon and AT&T in mobile authentication, while CrucialTec is supplying its fingerprint sensor solution to China-based Huawei’s smartphones, the two companies said.

(hkp@heraldcorp.com)