New market launch of biometric payment cards in South Asia with IDEX Biometrics
May 13 2024 - 3:26AM
UK Regulatory
New market launch of biometric payment cards in South Asia with
IDEX Biometrics
Oslo, Norway,
13 May 2024 – Another milestone for IDEX Pay as we
open a new market in South Asia, with an innovative challenger
bank. This will be the first launch of biometric payment
cards in this country at scale.
With digitization as a
core focus, the bank considers biometric payment cards a key
enabler to accelerate digital adoption. Biometrics fits perfectly
into the bank’s strategy of differentiating through technology
innovation, as they provide responsible financial services to all,
enabling economic progress.
Today Asia accounts for
close to 75% of all global payment transactions, surpassing Europe
and North America, and taking a global lead in payment technology1.
Card expansion is growing faster in Asia-Pacific than in other
regions, as consumers shift away from cash and toward digital
payments. IDEX continues to execute on its strategy to open
biometric card markets in Asia one country at a
time.
"IDEX Biometrics is
bringing more seamless and secure payments to consumers as the
digital transformation reshapes the region", shared Catharina
Eklof, Chief Commercial Officer of IDEX Biometrics. "Our strong
base of card manufacturers in South Asia, combined with IDEX Pay
market customized implementation programs, are enabling accelerated
adoption of biometric payments."
1 NMI 2024
Payment Trends Report
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
notice
This notice discloses
inside information pursuant to the EU Market Abuse Regulation and
was issued by Erling Svela, Vice president of finance, on 13 May
2024 at 09:25 CET on behalf of IDEX Biometrics ASA. The notice is
published in accordance with section 5-12 the Norwegian Securities
Trading Act.
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