IDEX Biometrics and Toppan Gravity, a wholly-owned subsidiary of the Toppan Group, a leading provider in the secure payment and identity industries, are set to introduce innovative biometric cards.
These cards, integrating the advanced IDEX Pay fingerprint authentication payment solution, are a significant step in the realm of secure payments.
The partnership aims to address the increasing demand for reliable and user-friendly payment options. With an impressive annual production capacity exceeding 30 million payment cards, Toppan Gravity serves a diverse range of clients, including over 500 banks, governments, and corporations globally. The introduction of biometric smart cards is set to elevate Toppan Gravity’s offerings in banking and identity solutions, particularly in the Middle East, Africa, and Latin America regions. An initial order for IDEX Pay has been placed, marking the first phase of this innovative product’s journey to the market, expected by the first quarter of 2024.
IDEX Biometrics is renowned as a global technology leader in fingerprint biometrics. They provide authentication solutions in various domains, including payments, access control, and digital identity. Their solutions, built on patented sensor technologies and integrated circuit designs, emphasize convenience, security, and seamless user experiences. IDEX Biometrics is known for partnering with leading card manufacturers and technology companies to market their innovative solutions.
Toppan Gravity, meanwhile, has established itself as a formidable force in providing solutions for government agencies, financial institutions, telecom operators, and retailers. Their extensive product range and solutions portfolio position them ideally to spearhead the expansion of biometric smart card technology.
This collaboration is not only a response to the growing demand for biometric payment cards but also a testament to the commitment of both companies to revolutionize payment convenience and digital authentication. It reflects a shared vision of driving innovation in the FinTech landscape.
Catharina Eklof, Chief Commercial Officer at IDEX Biometrics, said, “Toppan Gravity with its strong offering across products and solutions for government agencies, financial institutions, telecom operators, and retailers is well positioned to accelerate the expansion of biometric smart cards. We are excited to collaborate with Toppan Gravity, empowering markets worldwide with secure payments and digital authentication.”
Toppan Gravity head of payments Michael Hraschan said, “We are committed to meeting the growing global demand for biometric payment cards. By harnessing the power of the IDEX Biometrics state-of-the-art technology platform, we are poised to redefine payment convenience.
“This partnership marks an exciting chapter as we collaborate to advance secure payments and digital authentication, reinforcing our commitment to driving innovation in the ever-evolving landscape of financial technology.”
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