IDEX Biometrics is bringing biometric cards to market


Oslo, Norway, May 8, 2024 – IDEX Biometrics and one of the largest smart card manufacturers in South Asia are deploying smart cards in Asia and globally. With more than 3 billion cards produced to date and a monthly capacity of 25 million cards, the partnership will support IDEX Biometrics' continued expansion and growth in Asia Pacific, the Middle East, Africa and the United States.

Recognized by Visa, Mastercard and RuPay, and with a growing customer base of banks, government agencies, telcos, transport authorities and corporates, the partner's strong market position will accelerate the launch of biometric payment and access cards . These biometric smart cards based on IDEX Pay and IDEX Access are expected to be available by the end of 2024.

“This once again demonstrates IDEX Biometrics’ strategic focus and expansion in Asia,” said Catharina Eklof, chief commercial officer at IDEX Biometrics. “This innovative partner’s proven technical expertise in smart card manufacturing will further strengthen our position and banking presence in South Asia. The market opportunity for power, payment and access card solutions continues to grow.”

For more information please contact
Marianne Bøe, Head of Investor Relations
e-mail: marianne.boe@idexbiometrics.com
Phone: +47 918 00186

About IDEX Biometric Technology

IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, providing authentication solutions across payments, access control and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Our biometric solutions are based on patented and proprietary sensor technologies, integrated circuit designs and software for card-based payment and digital identity verification applications. As an industry enabler, we work with leading card manufacturers and technology companies to bring our solutions to market.

For more information, please visit www.idexbiometrics.com

About this notice
This notification is issued on behalf of IDEX Biometrics ASA on 08 May 2024 at 09:30 CET by Marianne Bøe, Head of Investor Relations.

Trademark Statement
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brand or product names are the property of their respective owners.



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