South African banks gearing to issue EMV cards

South African banks gearing to issue EMV cards
Tags: Bank / Credit Union, Debit / Credit, EMV, Other, Security, Transaction Processing
February 7, 2006

ePaynews.com: South Africa's banks are expected to switch customers to EMV chip cards in the next half-year. Banks had to adapt customer-facing channels such as ATMs, POS terminals and bank branches for EMV transactions before undertaking wide-reaching EMV chip card issuance. South Africa has 4 million to 6 million credit cards - a total expected to increase quickly as the market grows.