IDEX Biometrics ASA

IDEX Biometrics, Hitachi Payment Services, and Airtel Payments Bank Launch India's First RuPay Biometric Payment Card at Global Fintech Fest

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 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 (http://www.idexbiometrics.com/)

For further information, please contact:

Anders Storbråten, CEO and CFO, Tel: +47 416 38 582

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.

AI Terminal