Briefing

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

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

Image Source: Eazy Financial Services

Image Source: Eazy Financial Services

Business Model and Practices: Innovative Partnerships
Sectors: Financial Services, Wholesale and Retail Trade
Organizations: Ithmaar Bank, Eazy Financial Services
Sources: 

Original Publication Date: September 28, 2018

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