SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

January 28, 2016 10:35 ET

Cards Still Dominate Payments - 4 Billion EMV Chip Cards Now in Use Throughout the World With the United States Adding 600 Million Chip Cards in the Past 12 Months Says SmartMetric the Maker of the Safer Biometric Protected Credit and Debit Card

NEW YORK, NY--(Marketwired - January 28, 2016) -  SmartMetric, Inc. (OTCQB: SMME) EMVCo Reported 3.4 Billion EMV Chip Payment Cards in global circulation, a 1 billion 12 month increase from the previous year. This figure is taken by the payment card standards body, EMVco and is based on its member supplied figures as of the end of 2014. The growth from the previous year shows a 43% year on year increase adding 1 billion new cards in a twelve month period. When these figures were published the United States had only just begun its issuance of EMV chip cards.

According to the most recent research figures, released by IBA Research the USA has added 600 million EMV Chip cards in 2015 which will bring the total world adoption of chip cards to at least 4 billion. Not taking into account growth in issuance of these chip cards throughout the rest of the world.

These figures show the continued dominance of plastic credit and debit cards in the payments space world wide with an amazing growth and adoption of chip cards. This confirms the gigantic market size for chip cards which is the standard and platform SmartMetric has used for its in-card biometric protected credit and debit cards said today SmartMetric's President & CEO, Chaya Hendrick.

SmartMetric is actively presenting its card to card issuers around the world. It now has in place manufacturing capacity to produce 1 million individual biometric chip cards per month.

About SmartMetric: SmartMetric has created a safer and better user validation and identification technology for payment and identity cards using a persons individual and unique biometrics to validate and identify the card user. The company has created a super miniature fully functional powerful fingerprint scanner that fits inside a payments card as well as identity and secure log on cards. Using an internal Cortex processor built in the card the SmartMetric biometric card scans, reads and matches a persons fingerprint in less than 0.25 seconds. The cards internal scanner is powered by a rechargeable battery developed by SmartMetric and also embedded inside the payments and identity card. SmartMetric is a publicly traded fully reporting company on the United States OTCQB.

To view a video of the SmartMetric biometric chip card follow this link:

SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU

To view the company website: www.smartmetric.com

Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

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