MobiOcean Selects NEXT Biometrics Fingerprint Technology for Aadhaar Payment Solution

Oslo, February 13, 2019 –NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced that the Company`s Aadhaar-certified sensor module has been chosen by MobiOcean Technologies Pvt. Ltd. for use in MobiOcean`s Aadhaar authentication and Aadhaar payments mobile platform for the Indian market.

The NEXT STQC and UIDAI certified sensor is part of MobiOcean`s Point of Sale (POS) solution comprised of hardware, software, service and maintenance. The MobiOcean POS solution facilitates Aadhaar Enabled Payment System (AEPS) applications for government authorities and merchants allowing users to conduct payment transactions by simply using a person`s Aadhaar number and fingerprint authentication, thereby increasing both security and convenience of payments. The device also supports credit card, debit card, UPI (Unified Payments Interface), wallet and a range of other payment forms.

“We are pleased to record an increasing number of partners for Aadhaar based solutions,” said Ritu Favre, CEO of NEXT Biometrics. “This is paramount for obtaining a strong market position in India and underscores the versatility and superior performance of our technology.”

“Making use of NEXT`s proven technology is a decisive factor in our ambition to help businesses of any size benefit from flexible, reliable and secure mobility solutions,” said Kamal Rana, CEO of MobiOcean. “The Aadhaar program offers a vast array of possibilities. Integrating leading technologies into our solutions is key for us to capture these growth opportunities.”

NEXT Media contact:

Tanja Moehler, tanja.moehler@nextbiometrics.com

NEXT Investor contact:

Knut Stalen, knut.stalen@nextbiometrics.com

About NEXT Biometrics

NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

About MobiOcean

MobiOcean Technologies Pvt Ltd headquartered in New Delhi with nationwide support, strong technical and business team, primarily focused on providing mobility solutions through our IPR of embedded software providing POS and handheld devices facilitating various modes of payments. MobiOcean has expertise in understanding client requirements and integrating futuristic cutting-edge solutions on handheld devices in order to provide services to various government, PSU, private banking and retail sectors like retail stores, logistics companies, finance companies, banks, and others. MobiOcean is headquartered in New Delhi, India. https://mobiocean.in/

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About Us

NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Bengaluru, Taipei, Prague and Shanghai.

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