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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

1. IDEX launches India's first RuPay biometric payment card in a major fintech event. 2. The card uses fingerprint authentication for secure digital transactions. 3. This initiative advances India's card payment market and supports the RuPay ecosystem. 4. Collaboration with Hitachi and Airtel enhances distribution and market penetration. 5. Recent RBI update enables biometric authentication, boosting market potential.

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Why Bullish?

The launch positions IDBA favorably in a growing sector, similar to past successful product launches in fintech.

How important is it?

The introduction of a biometric payment card in India represents a significant penetration into an expanding market, with substantial implications for IDBA’s future growth.

Why Long Term?

The positive regulatory environment and increasing consumer demand for biometric solutions indicate that IDBA’s innovations will have durable significance.

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HITACHIAIRTEL
October 10, 2025 02:15 ET  | Source: IDEX BIOMETRICS ASA Mumbai, India – IDEX Biometrics is proud to announce the launch of India’s first RuPay biometric payment card, in collaboration with Hitachi Payment Services and Airtel Payments Bank. The launch was unveiled at the prestigious Global Fintech Fest in Mumbai, marking a significant milestone in the evolution of secure and inclusive digital payments in India. This innovative solution leverages IDEX Pay, our advanced biometric smart card technology, enabling fingerprint authentication as a second factor of authentication (AFA) for digital transactions. The launch follows the Reserve Bank of India’s (RBI) recent regulatory update permitting biometric authentication for digital payments, paving the way for more secure and user-friendly payment experiences. The biometric RuPay card is currently undergoing pilot testing, with all partners working closely to bring it to market as soon as possible. This initiative reflects IDEX Biometrics’ long-term commitment to supporting the RuPay ecosystem and advancing India’s rapidly growing card payments market. “The RBI’s AFA update in September was a watershed moment for the Indian payments industry,” said Anders Storbråten, CEO of IDEX Biometrics. “We are well-positioned, alongside our Indian and global partners, to lead the adoption of biometric payment cards across RuPay, Visa, and Mastercard networks. Launching the first RuPay biometric card at the Global Fintech Fest is a proud achievement for IDEX and our partners.” This collaboration underscores the shared vision of IDEX Biometrics, Hitachi Payment Services, and Airtel Payments Bank to deliver secure, convenient, and inclusive payment solutions to millions of Indian consumers. About IDEX BiometricsIDEX 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 For further information, please contact:Anders Storbråten, CEO and CFO, Tel: +47 416 38 582E-mail: ir@idexbiometrics.com About this notice:This notice was issued by Kjell-Arne Besseberg, COO, on October 10, 2025 at 08:15 CEST on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12. Launch of India's first RuPay biometric payment card Launch of India's first RuPay biometric payment card IDEX Biometrics, Hitachi Payment Services, and Airtel Payments Bank launch of India's first RuPay bi...

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