IDEX Biometrics partners with major South Asian smart card manufacturer to bring biometric cards to market

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.

The partner is recognized by Visa, Mastercard and RuPay and its strong market position will accelerate the adoption of biometric payments and access cards with a growing customer base including banks, government agencies, telcos, transport authorities and corporate enterprises. Listed. 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 of 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 payment and access card solutions continues to grow. “

In February of this year, IDEX Biometrics announced a partnership with KONA I to deploy biometric payment and access cards in Japan. KONA I, a South Korean global smart card and technology platform provider, expects banks to start offering high-tech biometric cards to consumers in the second half of 2024.

IDEX's other deal in the region is a partnership with MKSmart in 2022. The two companies have agreed to work together to provide biometric smart cards to financial institutions and other card issuers.

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