Jan. 7, 2019
The Industrial and Commercial Bank of China has signed a three-year agreement with Gemalto to supply contactless cards to the financial institution.
Gemalto said the agreement covers multiple card schemes, including American Express, China UnionPay, JCB, Visa and MasterCard, according to a press release. Gemalto said the dual-interface cards allow users to make payments either by inserting them into a point-of-sale terminal or tapping them against a contactless payment terminal.
Michael Au, senior vice president, banking and payment, APAC at Gemalto, said the company has been working with ICBC for about 20 years.
"Our solutions, which have been at the heart of modern life from payment to enterprise security, are helping to support ICBC’s global business expansion strategy and accelerate China's cashless revolution," he said in the release.
Topics: Contactless / NFC, EMV, Region: APAC
Companies: Gemalto
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