IDEX Biometrics is accelerating expansion of biometric payment cards with a second Turkish bank
January 10 2023 - 2:00AM
Oslo, Norway – 10 January 2023 – IDEX Biometrics ASA is
announcing its second biometric payment card program in Turkey with
a regional bank. Cards from this bank will be available throughout
Turkey and are estimated to be in consumer hands in the first half
of 2023.
This partnership confirms the growing demand for biometric
payment cards in Turkey. Market research by IDEX Biometrics
indicates strong consumer appetite, with over 80% of consumers in
Turkey interested in biometric payment cards. Turkey is one of the
most innovative and largest payment card market globally and
demonstrates a great opportunity with more than 250 million cards
in circulation and 1.8 million acceptance locations.
“We are delighted to continue bringing biometric payments cards
to market in Turkey, following a previously announced Turkish bank
card program. IDEX Biometrics has also recently announced the
collaboration with E-Kart, Turkey‘s leading card manufacturer. We
are pleased to contribute to enhancing digital banking solutions
and securing digital authentication across a variety of digital use
cases in Turkey”, says Catharina Eklof, Chief Commercial Officer at
IDEX Biometrics.
Sources: IDEX Customer Lab Research, Arlington Research. The
Interbank Card Center of Turkey (BKM)
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 (OSE: IDEX and Nasdaq: IDBA) 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.
For more information, visit www.idexbiometrics.com
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.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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