IDEX Biometrics receives IDEX Pay order for VISA biometric cards in MEA

Core Insights - A leading smart card technology company in the Middle-East & Africa has placed an order for 10,000 biometric smart cards with IDEX Biometrics, marking the first Visa program utilizing IDEX Pay biometric technology [1] - The order supports Visa's biometric bank card programs in a rapidly growing payment market in the region [1] - IDEX Biometrics partners with over 500 banks, governments, and corporations globally, enhancing its market presence [1] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented sensor technologies and integrated circuit designs, targeting card-based applications for payments and digital authentication [3] - IDEX Biometrics collaborates with leading card manufacturers and technology companies to bring its solutions to market, emphasizing convenience and security for users [3] Industry Trends - The pace of innovation in biometric smart card manufacturing is accelerating, with certifications enabling partners to move towards industrialized production and commercialization [2] - The advancements in biometric technology are aimed at providing more secure payments, access, and identity control for consumers worldwide [2]