Swedish biometrics firm sees fingerprint tech sales boom in China

Biometric technology firm Fingerprint Cards AB reported a twelvefold rise in fourth-quarter sales driven by demand from smartphone makers in China, Bloomberg reported. The Swedish firm’s revenue in the final quarter of 2015 jumped to KR1.35 billion (US$160 million) from just KR105 million a year earlier, it said in a statement. The company has benefited as makers of mobile phones increasingly adopt its technology enabling users to access devices through fingerprint identification, and said it expects continued growth in China, partly driven by the demand in secure mobile payments. For more on the drive for digital security in China’s e-commerce sector, see CER’s in-depth report.