IDEX Biometrics receives IDEX Pay order for biometric metal payment cards
22 Noviembre 2023 - 1:00AM
Oslo, Norway – 22 November 2023 – IDEX Biometrics has received
an initial order for IDEX Pay from a smart card manufacturing
partner in Asia who will deploy biometric metal payment cards for
their bank clients world-wide. Cards produced from this order are
expected to reach customers during the first quarter of
2024.
With an annual production capacity of more than 30 million
cards, this card manufacturer specialises in serving banks globally
with a suite of full metal cards, and is certified by Visa,
Mastercard and other major payment schemes.
With a total market size of 40 million cards in 20231, the metal
card segment is expanding amongst premium customers across Europe
(44% projected YoY growth) Latin America (61%) and the dynamic
economies of Asia outpacing with 103%. 70% of millennials declare
preferring metal cards2. Biometric metal cards are expected to
revolutionize premium card programs, with strong demand from banks
in APAC, Eastern Europe and South America.
IDEX Biometrics differentiated and optimized reference design,
IDEX Pay, is particularly well suited for metal cards.
Additionally, IDEX Biometrics enables manufacturing partners with
product and implementation guidelines.
"Bringing true innovation to the affluent customers banking
segment will accelerate biometric metal card market penetration,”
said Catharina Eklof, Chief Commercial Officer at IDEX Biometrics.
“Premium banking customers seek seamless payments solution when
travelling and in their daily lives. Smoother payments contribute
to transaction and retention increase, critical to banks in today’s
competitive payment landscape."
1 ABI Research AN-5913 ; 2 G+D Metal Cards Report 2022; expected
CAGR 2021-2025
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
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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