KONA I to introduce biometric smart cards with IDEX Biometrics in Japan
February 08 2024 - 3:59AM
Oslo, Norway and
Tokyo, Japan – 8 February 2024 – IDEX Biometrics and KONA
I are partnering to deploy biometric payment and access cards in
Japan. With credit card fraud reported by Japanese companies
increasing by 30% year over year to USD 294 million, banks in the
market are showing interest for biometric smartcard solutions, and
especially metal cards. KONA I expects banks to begin offering
high-technology biometric cards to consumers in the second half of
2024.
In response to the
growing demand for cybersecurity solutions by governments, public
and private sector entities KONA I and IDEX Biometrics will bring
state-of-the art secure ID and biometric payment card solutions to
market. KONA I and IDEX Biometrics smart card platform
provides the cybersecurity market with an end-to-end authentication
platform focused on digital security, and compatible with standard
protocols such as FIDO2, as well as biometric payments cards. Both
solutions are delivered with optimal customer experiences and
security by design.
KONA I is a global smart
card and technology platform leader, headquartered in South Korea,
manufacturing smart card products with an annual production
capacity of more than 60 million cards. The fast-growing market in
Japan is set to reach 30% of KONA I’s business by 2025.
Asia, including Japan, is
leading the way for fingerprint biometric innovation in the
payments industry, with a high penetration rate of contactless
payments. Credit cards are the leading cashless payment method in
Japan, and the market growing at a CAGR of 8%, is expected to reach
$870 billion by 2028.
“The partnership with
IDEX Biometrics enables us to react to the fast-growing demand for
biometric smart cards in Japan,” said Koichiro Sasai, Head of KONA
Japan LLC as a subsidiary of KONA I. “We are proud to offer bank
customers in Japan the most innovative access and payment
solutions. There is a very strong demand from affluent customer who
seek the highest security and unparalleled value and user
experiences, as offered by biometric metal cards.”
“We are excited to enter
Japan with technology innovations that meets the needs for
increased cyber security together with KONA I,” said Catharina
Eklof, Chief Commercial Officer at IDEX Biometrics. “Through this
partnership with KONA I, we are bringing relevant solutions to the
growing demand for frictionless payments and smart card solutions,
enabling banks in Japan to differentiate and support loyalty and
trust with their customers.”
For further
information contact:
Marianne Bøe, Head of
Investor
Relations E-mail: marianne.boe@idexbiometrics.com Tel: +
47 918 00186
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
About KONA
I
KONA I Co Ltd (KRX:
052400), a company based in South Korea, is a global smart card and
technology platform provider focusing on providing smart cards,
payment solutions and services for the financial, banking and
public sectors. The company aims to contribute to society with
technology and innovation in the area where the security is most
critical, including but not limited to IOT, smart cards, and
authentication.
For more information,
visit www.konai.com
TRADEMARK
STATEMENT
IDEX, IDEX Biometrics and
the IDEX logo are trademarks owned by IDEX Biometrics ASA. All
other brands or product names are the property of their respective
holders.
About this
notice:
This notice was published
by Marianne Bøe, Head of Investor relations, on 8 February 2024 at
11:00 CET on behalf of IDEX Biometrics ASA.
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Apr 2024 to May 2024
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From May 2023 to May 2024