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IDEX Biometrics, Hitachi Payment Services, and Airtel Payments Bank Launch India’s First RuPay Biometric Payment Card at Global Fintech Fest
Globenewswire· 2025-10-10 06:15
Core Insights - IDEX Biometrics has launched India's first RuPay biometric payment card in collaboration with Hitachi Payment Services and Airtel Payments Bank, marking a significant advancement in secure digital payments in India [1][4] - The biometric card utilizes IDEX Pay technology for fingerprint authentication, enhancing security for digital transactions following a regulatory update from the Reserve Bank of India (RBI) [2][4] - The card is currently in pilot testing, with partners aiming for a swift market introduction, reflecting a commitment to the RuPay ecosystem and the growing card payments market in India [3][4] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, focusing on convenience and security [5] - The company employs patented sensor technologies and collaborates with leading card manufacturers and technology firms to bring biometric solutions to market [5]
Reserve Bank of India approves biometric payment authentication technology
Globenewswire· 2025-09-26 06:15
Core Insights - The Reserve Bank of India (RBI) has approved biometric authentication technology for digital payments, including IDEX's fingerprint payment solutions, effective April 2026 [1][2] - The RBI's endorsement of fingerprint biometric authentication marks a shift from traditional SMS-based one-time passwords, validating IDEX's strategic positioning in the Indian market [2][3] - IDEX Biometrics' CEO emphasized the significance of this approval as a transformational moment for digital payment security in India, highlighting successful pilot testing with Indian payment partners [3] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are designed to enhance convenience, security, and user experience, utilizing patented sensor technologies and integrated circuit designs [4] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [4]