Biometric Update: IDEX, Hengbao partner to introduce biometric cards across the Asian market
21 September 2018
Chinese card company Hengbao announced a partnership with IDEX Biometrics to introduce contact-based biometric smart cards across the Asian market, with future plans to trial dual-interface cards.
Hengbao supports cards for multiple payment network specifications, including Mastercard, China Union Pay, VISA, and JCB. According to ABI Research, the total volume of shipped smart card for payments in Asia in 2017 was 1.3 billion cards. The annual volume is expected to increase to 1.8 billion cards by 2022.