IDEX Biometrics ASA is announcing its second biometric payment card program in Turkey with a regional bank. Cards from this bank will be available throughout Turkey and are estimated to be in consumer hands in the first half of 2023. This partnership confirms the growing demand for biometric payment cards in Turkey.

Market research by IDEX Biometrics indicates strong consumer appetite, with over 80% of consumers in Turkey interested in biometric payment cards. Turkey is one of the most innovative and large payment card market globally and demonstrates a great opportunity with more than 250 million cards in circulation and 1.8 million acceptance locations.