IDEX Biometrics is bringing biometric cards to market with large smart card manufacturer in South Asia
May 08 2024 - 3:30AM
Oslo, Norway, 8 May 2024 – IDEX Biometrics and
one of the largest smart card manufacturers in South Asia are
deploying smart cards across Asia and globally. With over 3 billion
cards manufactured to date and a production capacity of 25 million
cards monthly, this partner will support IDEX Biometrics continued
expansion and growth across Asia Pacific, Middle East, Africa, and
the USA.
Accredited by Visa, Mastercard and RuPay and with a growing
client portfolio of banks, government agencies, telecom companies,
transportation authorities, and corporate enterprises, the
partner’s strong market position will accelerate go-to-market of
biometric payment and access cards. These biometric smart cards,
based on IDEX Pay and IDEX Access, are expected to reach the market
by the end of 2024.
"This is another testament to IDEX Biometrics strategic focus
and expansion in Asia," commented Catharina Eklof, Chief Commercial
Officer of IDEX Biometrics. "The recognized technology expertise in
smart card manufacturing from this innovative partner will further
strengthen our positioning and bank reach in South Asia, with a
growing market opportunity across both payment and access card
solutions."
For further information contact Marianne Bøe,
Head of Investor Relations E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in
fingerprint biometrics, offering authentication solutions across
payments, access control, and digital identity. Our solutions bring
convenience, security, peace of mind and seamless user experiences
to the world. Built on patented and proprietary sensor
technologies, integrated circuit designs, and software, our
biometric solutions target card-based applications for payments and
digital authentication. As an industry-enabler we partner with
leading card manufacturers and technology companies to bring our
solutions to market.
For more information, visit www.idexbiometrics.com
About this noticeThis notice was published by
Marianne Bøe, Head of Investor Relations, on 08 May 2024 at 09:30
CET on behalf of IDEX Biometrics ASA.
Trademark statement IDEX, IDEX Biometrics and
the IDEX logo are trademarks owned by IDEX Biometrics ASA. All
other brands or product names are the property of their respective
holders.
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