Bank of the Philippines Islands teams up with Gemalto to combine Banking and Transport into one prepaid card
(Thomson Reuters ONE) -
Amsterdam, Aug. 30, 2016 - Gemalto (Euronext NL0000400653 GTO), the world
leader in digital security, is supplying the Bank of the Philippines Islands
(BPI) with EMV prepaid banking and transport cards that support beep(TM)( 1), a
contactless ticketing system for Manila Metro. BPI is one of the leading banks
in the Philippines, and the first to cater to both EMV and transport payment.
The two-in-one card leverages Gemalto's Optelio technology and gives commuters
greater security and convenience while increasing the transaction volume and
user base for financial institutions.
Metropolitan Manila is the most populous region of the Philippines where over
12 million(1) Filipinos reside and work. Among them, 2 million people commute
daily by trains. beep(TM) was introduced in July 2015 to facilitate transit
payment and quicker entrance at train stations' gantries. It also eliminates the
need to repeatedly queue and purchase tickets for commuters. With only 31
percent(4) of all Filipino adults holding a bank account, integrating beep(TM)
with banking lets financial institutions tap into a readily available and vast
unbanked market.
"At BPI, we want to be able to address the changing needs of our clients. By
fusing banking and transport together, shoppers can enjoy cashless payments for
their purchases at Ayala Malls, plus the benefits of beep(TM), which will soon
be extended to other bus services," said Simon Paterno, Head of Financial
Products and Services at BPI. "Gemalto's timely delivery and expertise ensured
that this project can be rolled out smoothly and on schedule."
"In the banking space, Gemalto has delivered more than one billion EMV payment
cards globally - from card manufacturing, fulfilment, to back-end infrastructure
support and maintenance", said Michael Au, President, South Asia & Japan at
Gemalto. "As for transportation, our smart cards are already being utilized by
mass transit systems in 30 cities, each with a population in excess of one
million."
1 Source: http://www.beeptopay.com/
2 Source: Philippine Statistic Authority
3 Source: The Manila Times
4 Source: The Philippine Star
5 Source: BPI
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2015 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.
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 14,000+ employees operate out of 118 offices, 45 personalization and data
centers, and 27 research and software development centers located in 49
countries.
For more information visit www.gemalto.com or follow (at)gemalto on Twitter.
Gemalto media contacts:
Philippe Benitez Peggy Edoire Vivian Liang
North America Europe & CIS Greater China
+1 512 257 3869 +33 4 42 36 45 40 +86 1059373046
philippe.benitez(at)gemalto.com peggy.edoire(at)gemalto.com vivian.liang(at)gemalto.com
Ernesto Haikewitsch Kristel Teyras Shintaro Suzuki
Latin America Middle East & Africa Asia Pacific
+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 8266
ernesto.haikewitsch(at)gemalto.com kristel.teyras(at)gemalto.com shintaro.suzuki(at)gemalto.com
Press release (PDF):
http://hugin.info/159293/R/2037768/759337.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 491651
Anzahl Zeichen: 4833
contact information:
Town:
Meudon
Kategorie:
Business News
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