IDEX Biometrics, Hitachi Payment Services, and Airtel Payments Bank Launch India's First RuPay Biometric Payment Card at Global Fintech Fest

10 Oct 2025 08:15 CEST

Mumbai, India - IDEX Biometrics is proud to announce the launch of India's first
RuPay biometric payment card, in collaboration with Hitachi Payment Services and
Airtel Payments Bank. The launch was unveiled at the prestigious Global Fintech
Fest in Mumbai, marking a significant milestone in the evolution of secure and
inclusive digital payments in India.

This innovative solution leverages IDEX Pay, our advanced biometric smart card
technology, enabling fingerprint authentication as a second factor of
authentication (AFA) for digital transactions. The launch follows the Reserve
Bank of India's (RBI) recent regulatory update permitting biometric
authentication for digital payments, paving the way for more secure and user-
friendly payment experiences.

The biometric RuPay card is currently undergoing pilot testing, with all
partners working closely to bring it to market as soon as possible. This
initiative reflects IDEX Biometrics' long-term commitment to supporting the
RuPay ecosystem and advancing India's rapidly growing card payments market.

"The RBI's AFA update in September was a watershed moment for the Indian
payments industry," said Anders Storbråten, CEO of IDEX Biometrics. "We are
well-positioned, alongside our Indian and global partners, to lead the adoption
of biometric payment cards across RuPay, Visa, and Mastercard networks.
Launching the first RuPay biometric card at the Global Fintech Fest is a proud
achievement for IDEX and our partners."

This collaboration underscores the shared vision of IDEX Biometrics, Hitachi
Payment Services, and Airtel Payments Bank to deliver secure, convenient, and
inclusive payment solutions to millions of Indian consumers.


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 (http://www.idexbiometrics.com/)

For further information, please contact:
Anders Storbråten, CEO and CFO, Tel: +47 416 38 582
E-mail: ir@idexbiometrics.com (mailto:ir@idexbiometrics.com)


About this notice:
This notice was issued by Kjell-Arne Besseberg, COO, on October 10, 2025 at
08:15 CEST on behalf of IDEX Biometrics ASA. This information is subject to the
disclosure requirements pursuant to the Norwegian Securities Trading Act section
5-12.

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