IDEX Biometrics has partnered with XH Smart Tech in China,a provider of solutions on IoT and blockchain technologies which are both data user and data centric. The objective is to deploy biometric cards and IDEX has received an initial order for its dual-interface sensor by XH Smart Tech to commence integration.XH Smart Tech is ranked among the top 5 Chinese smart card vendors by international market share and has shipped more than 3 billion smart cards. The company has successfully passed certification of China UnionPay, VISA, Mastercard, and other smart card industry organizations. XH Smart Tech's' customer base includes international and Chinese banks, including Postal Savings Bank of China, DenizBank in Turkey, Commercial Bank of Kuwait, South Africa Laxton, South African Post Office, and Orientfinans Bank in Uzbekistan.Stan Swearingen, CEO of IDEX Biometrics comments, “We are very pleased with the strong customer interest we are experiencing for our contact-less sensors. Card integrators are seeing the benefits of biometric smart cards, and the market is picking up speed. Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards”.Leo He, CEO of XH Smart Tech adds, “The value proposition for fingerprints in a smart card is easy to understand, and we are confident there will be significant pull from issuers for this innovative solution. IDEX Biometrics' solution is very compelling and we look forward to working closely with the company to develop biometric smart cards”.
IDEX Biometrics partners with XH Smart Tech
