Oslo, Norway – 3 November 2022 – IDEX Biometrics ASA is initiating a biometric payment card program with a UK issuer and processor of EMV1 compliant payment playing cards. This issuer is a well-established B2B resolution supplier with a robust portfolio of fintechs and banks throughout the UK, Europe, and North America. These biometric payment playing cards are estimated to be in shopper fingers by Q1 2023.
Europe is experiencing a continued important enhance in card transactions of 17.3%, reaching 56.3 billion in 2021, which represents a big and rising market potential2. IDEX Biometrics is partnering with key card resolution suppliers in Europe and has not too long ago partnered with one of many main sensible card producers within the UK to allow this chance.
“We are excited to bring the IDEX Biometrics platform solution for biometric payments cards to the UK market. Market surveys confirm that 70% of UK consumers would use a biometric payment card, giving them additional peace of mind in times of increased contactless limits3. As we bring our proprietary and innovative technology platform to market, IDEX Biometrics contributes to more seamless digital payment experiences around the globe”, says Catharina Eklof, Chief Commercial Officer at IDEX Biometrics.
1 Short for Eurocard, Mastercard, and Visa; 2 ECB Payments Statistics 2021; 3 Idemia and Dentsu Lab, 2021
For additional info contact:
Marianne Bøe, Head of Investor Relations
E-mail: [email protected]
Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a number one supplier of fingerprint identification applied sciences providing easy, safe, and private authentication for all. We assist folks make funds, show their identification, achieve entry to info or unlock gadgets with the contact of a finger. We invent, engineer, and commercialize these safe, but extremely user-friendly options. Our complete addressable market represents a quick rising multi-billion-unit alternative.
For extra info, go to www.idexbiometrics.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX emblem are emblems owned by IDEX Biometrics ASA. All different manufacturers or product names are the property of their respective holders.
