Biometric payment cards launched in new South Asian markets


Oslo, Norway, May 13 2024 – Another milestone for IDEX Pay as we open new markets in South Asia with an innovative challenger bank. This will be the first large-scale rollout of biometric payment cards in the country.

With digitalization as its core focus, the bank sees biometric payment cards as a key enabler in accelerating digital adoption. Biometric technologies are fully aligned with the bank’s strategy of differentiation through technological innovation as they contribute to economic progress by providing responsible financial services to all.

Today, Asia accounts for nearly 75% of total global payment transactions, surpassing Europe and North America, and is the global leader in payment technology1. Bank cards are expanding faster in Asia Pacific than elsewhere as consumers shift from cash to digital payments. IDEX continues to execute its strategy of opening up the biometric card market in one country in Asia.

“IDEX Biometrics is bringing consumers more seamless and secure ways to pay as digital transformation reshapes the region,” said Catharina Eklof, chief commercial officer at IDEX Biometrics. “We have a strong base of card manufacturers in South Asia and we are now Together with the IDEX Pay market customization implementation plan, the adoption of biometric payments is accelerating.”

1 NMI 2024 Payment Trends Report

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 notice discloses inside information under EU market abuse regulations and was issued on behalf of IDEX Biometrics ASA by Erling Svela, Vice President Finance, at 09:25 CET on May 13, 2024. This notice is issued in accordance with Article 5-12 of the Norwegian Securities Exchange Act.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *