IDEX Biometrics ASA initiated its first project in Turkey with an issuer to launch biometric payment cards for the local market. Cards from this issuer are estimated to be in consumer hands by First Quarter 2023. This partnership follows a previously announced partnership in Turkey with leading card manufacturer, E-Kart.

Turkey is one of the most innovative and larger payment card market globally and demonstrates great opportunity with 240 million cards in circulation and 1.8 million acceptance locations.