InterSwitch deploys Gemalto tech to accelerate chip migration in Nigeria
03 July 2009 | 1727 views | 0
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced that InterSwitch is deploying its Dexxis Instant Issuance solution to accelerate chip migration in Nigeria. InterSwitch is a leading provider of secure electronic payment solutions in Nigeria and comprises 25 member banks. Chip migration is ramping up in the country and InterSwitch member banks will be replacing 30 million magnetic stripe cards in the next few years.
The Gemalto solution enables InterSwitch members to carry out on-the-spot personalization and delivery of chip cards to their customers, directly at their branches. With Dexxis Instant Issuance, banking customers leave the branch with their card in hand and start using it immediately, compared to an average two weeks timeline with conventional issuance. This means that all the cards delivered are actually used, making the investment fully productive for all stakeholders.
As part of the contract, Gemalto supplies the software that allows InterSwitch to offer the instant issuance service to its members. It also enables InterSwitch to provide its member banks with a turnkey solution to perform instant issuance themselves.
"We are very pleased with the continued business partnership we have established with Gemalto," said Mitchell Elegbe, Managing Director, InterSwitch. "Gemalto has been assisting us in our transition to chip-and-PIN cards right from the start and Dexxis Instant Issuance will be a valuable asset to boost our migration project."
"This is Gemalto's 100th installation of a Dexxis personalization solution and we are proud to achieve this milestone with InterSwitch", added Philippe Cambriel, Executive Vice-President of the Secure Transactions Business Unit at Gemalto. "Bolstered by our experience in personalization solutions across the world, we have been able to install and qualify the entire solution in just two months, enabling InterSwitch to offer the instant issuance service to its member banks in record time. Instant issuance, close to consumers in the regions, will clearly contribute to speeding up chip migration in."