Major UAE bank launches biometric payment card on IDEX Biometrics sensor technology
November 01 2022 - 3:00AM
Major UAE bank launches biometric payment card on IDEX Biometrics
sensor technology
Oslo, Norway – 1 November 2022 – IDEX Biometrics ASA announces
that one of the largest banks in the Middle East has deployed a
full-scale biometric payment card launch with the IDEX Biometrics
partner IDEMIA, powered by IDEX Biometrics sensor technology. This
launch is the first volume deployment of biometric payment cards to
consumers in the Middle East, confirming the expected commercial
acceleration in 2022, and a market inflection in 2023.
The Middle East is one of the fastest growing regions for card
payments globally. Customers around the globe have in numerous
market surveys indicated high interest in biometric payment cards
with more than 70 percent indicating interest and willingness to
pay for a biometric payment card. Cardholders are welcoming that
more banks meet their needs for convenient and secure payment
alternatives, offering limitless contactless payments, secured by
the user’s unique fingerprint.
“IDEX Biometrics groundbreaking sensor solution is bringing
seamless payment experiences to more consumers. The biometric
payment card powered by IDEX Biometrics is certified by Visa and
Mastercard and will work flawlessly with any payment terminal. We
are pleased to bring our innovative technology to customers and,
together with IDEMIA, support banks in the Middle East as they
accelerate market deployment of smarter and more secure card
payments”, said Vince Graziani, CEO of IDEX Biometrics.
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 STATEMENTIDEX, 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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