MobiOcean Selects NEXT Biometrics Fingerprint Technology for Aadhaar Payment Solution

OSLO,Norway,Feb. 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."

Contact:

NEXT Media contact:

Tanja Moehler,tanja.moehler@nextbiometrics.com

NEXT Investor contact:

Knut Stalen,knut.stalen@nextbiometrics.com

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