IrisGuard, BNCTL and EyeTrust LDA announce partnership to launch iris payments in Timor-Leste

Tuesday 5 Oct 2021 | Member Press Release | Member Resources |

BNCTL (Banco Nacional de Comércio de Timor-Leste) signs an agreement with IrisGuard and EyeTrust LDA for the deployment of IrisGuard’s EyePay® Network payment platform, powered by their award-winning iris recognition technology. Timor-Leste is the youngest sovereign nation in Southeast Asia and this authentication and payment authorisation platform, featuring the recently launched EyePay® Phone, will be utilized to verify and secure the last mile of financial transactions in counters/branches and at ATMs.

Using only the human iris, it eliminates the need for any other ID including signatures, fingerprints, cards or PIN numbers. Ensuring operational safety with its contact-free function, it will improve the speed with which services are provided to the elderly, and beneficiaries who receive subsidies from the Timor-Leste Government.

More on this story coming soon.

About IrisGuard

UK based iris recognition and payment technology company operating in 11 countries and a trusted long-term partner of the UNHCR, WFP, UN Women, NGOs and retail banks. An associate member of the GSMA, mobile phone developer and a vanguard member of the Million Lives Collective also members of CaLP (Cash Learning Partnership).

Their products and services are driving financial assistance for millions of unbanked who are now able to receive cash from ATMs and mobile cash-out agents, buy their food in supermarkets and receive their regular pension payments using solely their eyes as a proof of life. They have integrated with the world’s largest Blockchain for humanitarian aid Building Blocks. whilst able to operate in challenging environments with poor connectivity requiring one-time only registration, empowering financial inclusion and gender equality of vulnerable people without bank accounts.

ENDS

Notes to editors:

  • For more information on IrisGuard, please visit irisguard.com
  • Images of our products and services are available on request
  • Interview with Imad Malhas, CEO or Simon Reed, Deputy Director also available upon request

Media contact:

Eva Mowbray

Director of Marketing & Global Partnerships

IrisGuard UK Ltd

T: + 44 (0) 1908 597114

M: +44 (0) 7539 739450

E: emowbray@irisguard.com