TROIKA to Use NEXT Fingerprint Sensor Technology in Aadhaar Payment Solutions

Oslo, July 30, 2019 –NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, announces that TROIKA Transsolutions Pvt. Ltd. (TROIKA) will use NEXT`s certified sensor technology as part of its financial transaction platform for the Indian market. 

TROIKA is a full-service digital transaction provider aiming to simplify payment procedures. The Company offers hardware, software and payment processing for customer and store management, payment, money transfer and many other applications. The NEXT STQC and UIDAI certified sensor technology will be used in TROIKA`s POS terminals for Aadhaar Enabled Payment System (AEPS) applications. 

“The NEXT sensor technology ideally combines user convenience, outstanding performance, security and cost efficiency,” said Alain Faburel, NEXT Biometrics Chief Sales and Marketing Officer. “This makes us a preferred partner for payment service providers worldwide.” 

“NEXT`s certified sensor technology ideally supports our aim to deliver innovative and reliable payment solutions at lower setup and operational costs as well as lower risk,” said Sanjay Kamra, Managing Director of Troika. “A secure and seamless customer experience independent from the underlying platform and across multiple channels is imperative in today`s FinTech and payment applications. We are looking to thrive on our partnership with Next to provide reliable, secure and efficient payment PoS platform using biometric authentication in the Indian market and beyond.”

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. 

For further information on TROIKA Transsolutions Pvt. Ltd.: http://troikatrans.com

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