Beautiful Card Corporation receives MasterCard approval letter and IDEX Biometrics receives production order for IDEX Pay


IDEX Biometrics Inc.

IDEX Biometrics Inc.

Oslo, Norway and Taipei, Taiwan June 17, 2024 – IDEX Biometrics has received a production order from Beautiful Card Corporation (BCC) to support the launch of banking services in Asia. BCC has received a Letter of Approval (LoA) from Mastercard for its biometric payment card built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally.

Annual production of 121 million payment cards1BCC is one of the top ten smart card manufacturers in the world, specializing in the manufacturing, personalization and packaging of payment and multi-application cards. The biometric smart card based on IDEX Pay completes the ecologically sustainable card solutions provided by BCC in Asia and globally.

“We are very excited about this approval as we accelerate our focus on biometric payments and access cards by moving to and expanding IDEX Pay-based biometric cards through our deepening collaboration with IDEX Biometrics. With our global customer portfolio and ecosystem partners, we can provide more seamless and convenient services.

“We are committed to meeting the growing demand for biometric payment cards in Asia and BCC is an ideal partner with a strong bank, corporate and government customer base and a trusted partner to many of the world's leading card manufacturers,” IDEX said Catharina Eklof, chief commercial officer at Biometrics.

1 Source: Nielsen 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 MeiliCard Company

BCC has 32 years of experience in the smart card industry and is the world's leading smart card manufacturer. Headquartered in Taoyuan, Taiwan, BCC is a Taiwan-funded company that has obtained GSMA SAS certification, VISA, Mastercard and JCB certification, and has global strength and local support. Since its establishment, BCC has been committed to the development of new technologies in the card industry and continues to be committed to the innovation and improvement of various types of cards. It is a supplier of environmentally friendly materials that comply with RoHS, REACH, HF, CP65, ETSI and other environmental protection materials.

For more information, please visit https://www.beautifulcard.com

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.

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, on June 17, 2024 at 11:15 CET. This notice is issued in accordance with Article 5-12 of the Norwegian Securities Exchange Act.



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