Bangladeshi banks set to manage card issuance independently of foreign software providers
KONA Software Lab Ltd., a payment and security solutions company, has announced successful implementation of its Kona Card Personalization System (K-CPS) for Islami Bank Bangladesh PLC, one of the largest commercial banks in the country.
This global platform-compliant EMV card personalization system will enable Islami Bank, the first client of K-CPS, to issue EMV debit, credit, and prepaid cards for TakaPay, a local scheme, as well as global schemes such as Visa, Mastercard and UnionPay International.
Representatives of Bangladesh Bank, Islami Bank, and leading industry stakeholders joined the celebration of the milestone for Bangladesh's payment and fintech industry at an event at The InterContinental Dhaka on Thursday evening.
A card personalization system of such calibre and po...