IDEX Biometrics and UK issuer to launch biometric payment cards in Europe

03 Nov 2022 08:00 CET

Oslo, Norway - 3 November 2022 - IDEX Biometrics ASA is initiating a biometric
payment card program with a UK issuer and processor of EMV(1) compliant payment
cards. This issuer is a well-established B2B solution provider with a strong
portfolio of fintechs and banks across the UK, Europe, and North America. These
biometric payment cards are estimated to be in consumer hands by Q1 2023.

Europe is experiencing a continued significant increase in card transactions of
17.3%, reaching 56.3 billion in 2021, which represents a large and growing
market potential(2). IDEX Biometrics is partnering with key card solution
providers in Europe and has recently partnered with one of the leading smart
card manufacturers in the UK to enable this opportunity.

"We are excited to bring the IDEX Biometrics platform solution for biometric
payments cards to the UK market. Market surveys confirm that 70% of UK consumers
would use a biometric payment card, giving them additional peace of mind in
times of increased contactless limits(3). As we bring our proprietary and
innovative technology platform to market, IDEX Biometrics contributes to more
seamless digital payment experiences around the globe", says Catharina Eklof,
Chief Commercial Officer at IDEX Biometrics.

(1) Short for Eurocard, Mastercard, and Visa; (2) ECB Payments Statistics 2021;
( 3) Idemia and Dentsu Lab, 2021

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
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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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