Bahrain’s Ithmaar Bank and Eazy Financial Services announced launch of first biometric payment network in Middle East region

Briefing

October 2, 2018

Briefing	Biometric Payment Network – Bahrain’s Ithmaar Bank and Eazy Financial Services collaborated to launch first biometric payment network in region Fingerprint- and Pin-Based – Customers will now be able to process financial transactions with fingerprint along with PIN, instead of inserting ATM cards Identification Algorithm – Adopts identification algorithm recognized by standards organizations and authorities Point-of-Sale Application – Can also be applied in point-of-sale terminals Availability – New biometrics payment network to be available in phases for Ithmaar Bank customers starting 2019 Q1
Market Disruption	Innovation Partnerships, New Payment Technologies
Business Model and Practices Business Model and Practices	Innovative Partnerships
Sector	Financial Services, Wholesale and Retail Trade
Organization	Eazy Financial Services, Ithmaar Bank
Source	"Bahrain's Ithmaar Bank to launch biometric payments network," Finextra, https://www.finextra.com/; AcceleratingBiz analysis
Original Publication Date	September 28, 2018

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