MICROCAPITAL BRIEF: Ingenico of France Launches Mobile Biometric Identification Service, iWB Bio Series

Ingenico, an electronic payment solutions company based in France, has announced the launch of a mobile fingerprint identification service called the iWB Bio Series, which is a mobile biometric identification device that allows financial institutions and governments to identify individuals who have do not  have standard forms of identification. A lack of proper identification prevents many low-income people in developing countries from accessing financial services, especially in rural areas.

As of 2012, Ingenico operates in approximately 125 countries and reported total assets of USD 1.12 billion.

By Brian LeBlanc, Research Associate

About Ingenico SA

Ingenico SA is an electronic payment solutions company based in France that provides point of sale payment terminals and electronic payment and identification technology. As of 2012, Ingenico operates in approximately 125 countries and reported total assets of USD 1.12 billion.

Sources and Additional Resources:

Ingenico press release, http://www.ingenico.com/en/media-centre/press-releases/20130418-ingenico-introduces-iwb-bio-series-its-mobile-fingerprint-secure-solution-delivering-services-at-the-last-mile/

MicroCapital article, June 18, 2012, “MICROCAPITAL BRIEF: Ingenico Partners with Microfinance Institution Finada of Benin on Branchless Banking,” https://www.microcapital.org/microcapital-brief-ingenico-partners-with-microfinance-institution-finada-of-benin-on-branchless-banking/

MicroCapital article, June 21, 2011, “MICROCAPITAL BRIEF: Government of Ghana Budgets $10m to Support Ghana Interbank Payment and Settlement System (GHIPSS) to Reach Rural Customers Through ‘E-Zwich’ Biometric Identification System,” https://www.microcapital.org/microcapital-brief-government-of-ghana-budgets-10m-to-support-ghana-interbank-payment-and-settlement-system-ghipss-to-reach-rural-customers-through-%E2%80%9Ce-zwich%E2%80%9D-biometric-identificati/

MicroCapital article, August 6, 2010, “MICROCAPITAL BRIEF: Ingenico SA of France Takes Majority State in Remittance Provider TransferTo,” https://www.microcapital.org/microcapital-brief-ingenico-sa-of-france-takes-majority-stake-in-remittance-provider-transferto/

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