India Development News & Foreign Investment Opportunities

IDEMIA personalizes RuPay chip

NPCI certifies payment card

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NPCI certifies payment card

 

IDEMIA

 

IDEMIA, from Colombes, France, said it is the first and, to date, only one to be certified to manufacture and personalise RuPay chip contact and contactless cards, on the qSPARC v2 platform.

The qSPARC is a Dual Interface Open loop payment specification, with the option of loading multiple payment applications on a single card.

This certification is issued by National Payment Corporation of India (NPCI), after testing all payment scenarios and thus ensuring that, the cards manufactured by IDEMIA will work seamlessly at all payment acceptance devices.

The cardholders get the convenience of using a single card for multiple payment use cases such as; Metro, Bus, toll, loyalty, Parking and payments at retail. There is an option of loading up to 20 such payment applications on a single card.

The qSPARC is likely to steer the National Common Mobility Card (NCMC) and will be widely used in the Smart Cities.

The first version of this card is deployed in Kochi Metro, Bangalore Bus Transport, Ahmedabad Smart City and will soon be delivered to prospective customers in Nagpur, Noida Metro and Navi Mumbai bus transport ticketing.

As of now, more than 1.5 million cards have been issued.

“This certification recognizes IDEMIA’s commitment to continually invest in the development of technologies for enhancing and securing the payment experience for Indians and establishes once again our leadership in this space”, said Sanjeev Shriya, Regional President for IDEMIA’s activities in India.

“This qSPARC certification will increase the usability of bank issued cards with an enhanced value proposition for all stakeholders,” said Shriya.

OT-Morpho is now IDEMIA, the global leader in Augmented Identity for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment.

“Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects.

“We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Public Security and IoT sectors,” said IDEMIA in a statement on 30 July 2018.

OT (Oberthur Technologies) and Safran Identity & Security (Morpho) have joined forces to form IDEMIA. With close to US$3 billion in revenues and 14,000 employees around the world, IDEMIA serves clients in 180 countries. fiinews.com

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