IDEX Biometrics and Turkish issuer to launch biometric payment cards in response to strong consumer demand
25 Julio 2022 - 1:00AM
IDEX Biometrics and Turkish issuer to launch biometric payment
cards in response to strong consumer demand
Oslo, Norway – 25 July 2022 – IDEX Biometrics ASA initiated its
first project in Turkey with an issuer to launch biometric payment
cards for the local market. Cards from this issuer are estimated to
be in consumer hands by Q1 2023.
This partnership follows a previously announced partnership in
Turkey with leading card manufacturer, E-Kart. Turkey is one
of the most innovative and largest payment card market globally and
demonstrates great opportunity with 240 million cards in
circulation and 1.8 million acceptance locations.
“We are pleased to bring the IDEX Biometrics platform solution
for EMVCo compliant biometric payments cards to market in Turkey. A
recently published market survey commissioned by IDEX Customer Lab,
reveals 86% of consumers in Turkey consider biometric payment cards
very convenient, and 82% would use a biometric payment card if it
were available to them. As we expand the reach of our
proprietary and innovative technology, we contribute to enhancing
digital banking experiences and securing digital authentication
across a variety of payment and digital authentication use cases”,
says Catharina Eklof, Chief Commercial Officer at IDEX
Biometrics.
Sources: IDEX Customer Lab Research, Arlington Research
For further information contact:Marianne Bøe,
Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com Tel: + 47 918
00186
Brett L Perry, U.S. Investor Relations E-mail:
bperry@sheltongroup.com Tel: + 1 214 272 0070
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 STATEMENTThe wordmark “IDEX”, “IDEX
Biometrics”, “TrustedBio” and the IDEX logo are trademarks owned by
IDEX Biometrics ASA. The Contactless Indicator mark, consisting of
four graduating arcs, is a trademark owned by and used with
permission of EMVCo, LLC. All other brands or product names are the
property of their respective holders.
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