Payment solutions provider Ingenico Group has launched a new portable mobile point-of-sale (mPoS) terminal, dubbed Move/2500 B, with biometric capability.

The new product is intended to cater to the standard financial inclusion requirements of unbanked population and governmental schemes.

According to the company, India will soon require such systems for fingerprint authentication and Mexican banks can use them to verify the loan recipient identity.

Ingenico noted that the EMVco certification of fingerprint authentication may initiate new global schemes.

Said to be secure and cost-efficient, Move/2500 B supports all types of payment methods and can match fingerprints within a fraction of a second.

Ingenico vice-president marketing of banks and acquirers business unit Frédéric Lepeintre said: “We are pleased to introduce the Move/2500 B, our third generation biometric POS, designed to support financial inclusion scenarios as well as innovative payment schemes in mature markets.

“The launch of the Move/2500 B illustrates Ingenico Group’s commitment towards reaching the two billion people excluded from financial services.

“It also demonstrates our ability to adapt to new regulatory frameworks and consumer demand for fingerprint authentication.”

In June this year, the company plans to introduce its new biometric POS in India and subsequently launch into the Middle East region.