News

Dipon Consultancy Services selects Gemalto for micro-banking technology in Bangladesh

Monday 3 June 2013 10:17 CET | News

Dutch digital security company Gemalto is providing its smart card based solution to Dipon Consultancy Services Limited (DCSL) for their financial inclusion project in Bangladesh.

DCSL is implementing this project in collaboration with financial institution Prime Bank Limited (PBL). The Prime Cash program, which represents over 76 percent of the country’s 150 million-population, aims to provide secure access to banking services for people with limited or no access to banking services in both rural and urban areas in Bangladesh.

DCSL has deployed DG-ePay (Dipon Group-ePay) Service Points at major public places throughout the country. Users can enroll themselves and open an account at any of the DG-ePay Service Points. User transactions are validated using biometric authentication. Thus, the Gemalto smart cards contain an embedded software application that stores the holder’s facial image and fingerprint data captured upon enrollment. The Gemalto solution enables financial services, such as account opening, deposit, withdrawal, transfer, loan repayment and remittances.

In recent news, Gemalto has entered an agreement with Russian network operator Mobile TeleSystems (MTS) to supply the latter with its UpTeq NFC high-end SIM cards for a mobile phone-based public transport ticketing solution in the city of Novosibirsk.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Dipon Consultancy Services, Gemalto, micro-banking technology, Bangladesh
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






Industry Events