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Agency / Source: IDEX ASA

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IDEX Biometrics and UK Issuer to Launch Biometric Payment Cards in Europe - IDEX Biometrics ASA is initiating a biometric payment card program with a UK issuer and processor of EMV1 compliant payment cards - IDEXBiometrics.com
IDEX Biometrics and UK Issuer to Launch Biometric Payment Cards in Europe

 

NewswireTODAY - /newswire/ - Oslo, Norway, 2022/11/04 - IDEX Biometrics ASA is initiating a biometric payment card program with a UK issuer and processor of EMV1 compliant payment cards - IDEXBiometrics.com. OSE: IDEX

   
 
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This issuer is a well-established B2B solution provider with a strong portfolio of fintechs and banks across the UK, Europe, and North America. These biometric payment cards are estimated to be in consumer hands by Q1 2023.

Europe is experiencing a continued significant increase in card transactions of 17.3%, reaching 56.3 billion in 2021, which represents a large and growing market potential2. IDEX Biometrics is partnering with key card solution providers in Europe and has recently partnered with one of the leading smart card manufacturers in the UK to enable this opportunity.

“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

About IDEX Biometrics

IDEX Biometrics (idexbiometrics.com) is a leading provider of fingerprint identification technologies offering simple, secure, and personal authentication for all. We help people make payments, prove their identity, gain access to information or unlock devices with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

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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Agency / Source: IDEX ASA

 
 

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IDEX Biometrics and UK Issuer to Launch Biometric Payment Cards in Europe

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Biometric Payment Cards | IDEX Biometrics
Contact: Marianne Bøe - IDEXBiometrics.com 
+47 9180 0186 marianne.boe[.]idexbiometrics.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any IDEX ASA securities in any jurisdiction including any other companies listed or named in this release.

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