Oslo, Norway, 13 May 2024 - Another milestone for IDEX Pay as we open a new
market in South Asia, with an innovative challenger bank. This will be the
first launch of biometric payment cards in this country at scale.
With digitization as a core focus, the bank considers biometric payment cards a
key enabler to accelerate digital adoption. Biometrics fits perfectly into the
bank's strategy of differentiating through technology innovation, as they
provide responsible financial services to all, enabling economic progress.
Today Asia accounts for close to 75% of all global payment transactions,
surpassing Europe and North America, and taking a global lead in payment
technology1. Card expansion is growing faster in Asia-Pacific than in other
regions, as consumers shift away from cash and toward digital payments. IDEX
continues to execute on its strategy to open biometric card markets in Asia one
country at a time.
"IDEX Biometrics is bringing more seamless and secure payments to consumers as
the digital transformation reshapes the region", shared Catharina Eklof, Chief
Commercial Officer of IDEX Biometrics. "Our strong base of card manufacturers in
South Asia, combined with IDEX Pay market customized implementation programs,
are enabling accelerated adoption of biometric payments."
1 NMI 2024 Payment Trends Report
For further information contact
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com (https://encoded-592c9deb-987b-4562-
aa3c-9fa3d37d83e9.uri/mailto%3amarianne.boe%40idexbiometrics.com%2520)
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
(https://www.globenewswire.com/Tracker?data=BH-L2BSyLxkXYAc-Va1tCwihBe7E8h6-
7E68b-g2VDjyYnc2Hp4_Z1fD9Zhy5zgCva4Dek2W4Jlz0YeUo19_R5v5ld5Dc1jUvA0tRRsS-lQ=)
About this notice
This notice discloses inside information pursuant to the EU Market Abuse
Regulation and was issued by Erling Svela, Vice president of finance, on 13 May
2024 at 09:25 CET on behalf of IDEX Biometrics ASA. The notice is published in
accordance with section 5-12 the Norwegian Securities Trading Act.