ICBC Selects Gemalto Contactless Payment Cards to Accelerate China’s Digital Payment TransformationSource: Business Wire
Chinese consumers are increasingly turning to digital payment methods.
According to the
Built on Gemalto’s solutions, ICBC’s dual-interface cards (both contactless and chip) enable consumers to make payments by inserting them into point-of-sale (POS) terminals or tapping them against contactless-enabled payment terminals. The latter presents a huge value to consumers as it is intuitive and can shorten the checkout time by 63 percent as compared to cash transactions.
ICBC’s cards follow the security of global EMV standards. They leverage Gemalto’s smart chip not only to secure cardholders’ credentials, but also encrypt its communication with the POS terminals and processing networks.
“As the digital security leader,
“Dual interface payment cards will allow consumers to pay faster, without compromising security. Since these cards can help improve operational efficiency and security, we also hope this effort will encourage local merchants to adopt EMV chip and contactless-enabled POS.”
From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.
Our 15,000 employees operate out of 114 offices, 40 personalization and data centers, and 35 research and software development centers located in 47 countries.
1 Source : Report on Development of China’s Bankcard
Industry, Edition 2018
2 Source: Market Update of Payment & Banking Card Technologies,
+1 512 257 3916
Europe Middle East & Africa
+33 4 42 36 57 38
+91 11 6623 1200