NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced that it is partnering with M-Tech Innovations Ltd. ("M-Tech") to develop and deploy biometric smart card solutions. The collaboration targets contact-based and dual interface biometric smart card solutions to address current and evolving banking card standards. It comprises NEXT`s sensor technology that is successfully being used in millions of devices in various industry segments worldwide.
M-Tech is an accredited and certified RuPay, MasterCard and VISA card manufacturer and one of the largest smart card producers in India. In addition to the company`s strong foothold in the banking sector, M-Tech`s solutions are also used in government, access control, high-security and many more applications in India and beyond.
"We are very pleased to announce the collaboration with M-Tech and the strong growth potential that this partnership offers. As outlined at the January 2019 Business Update, we are in the process of building a sustainable network with leading players in the smart card ecosystem to commercialize biometric dual interface technology in the banking sector and beyond," said Alain Faburel, NEXT Biometrics Chief Sales and Marketing Officer.
"NEXT`s flexible sensor technology offers proven high security and accuracy levels. This is particularly important for the high standards demanded in the payment sector and paramount for a secure and consistently positive user experience. The partnership with NEXT underlines our commitment to highest quality standards and continuous innovation," said Vijay M. Gandhi, Chairman & Managing Director of M-Tech Innovations Ltd.