Norway-based IDEX Biometrics has partnered with a Turkish issuer to introduce biometric payment cards in the country in a bid to meet the consumer demand.

The company has not revealed the name of its partner.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Expected to be used in the local transactions, the new cards are set to be launched by the first quarter of next year.    

The latest collaboration was announced after IDEX Biometrics formed a separate deal with E-Kart, a card manufacturer in Turkey.

Turkey is said to be one of the biggest payment card markets across the world with 240 million cards in circulation and 1.8 million acceptance points.

IDEX Biometrics chief commercial officer Catharina Eklof said: “We are pleased to bring the IDEX Biometrics platform solution for EMVCo compliant biometric payments cards to market in Turkey.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”

In January this year, IDEX Biometrics announced a collaboration with MKSmart, a Southeast Asia-based smart card solutions provider.

As part of the partnership, both the companies are expected to work together to provide biometric smart cards to financial organisations and other card issuers.