Gemalto and Standard Bank in South Africa Combine Payment and Transport into One App

  Gemalto and Standard Bank in South Africa Combine Payment and Transport into
  One App

             Just the ticket for speedier banking and bus travel

Business Wire

AMSTERDAM -- November 21, 2012

Regulatory News:

Standard Bank, Muvo Card (Photo: Business Wire)

Standard Bank, Muvo Card (Photo: Business Wire)

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is
providing Standard Bank, one of the leading financial institutions in South
Africa, with a multifunction EMV contactless payment card enabling users to
pay for transit fares and other goods and services with one digital wallet.
Standard Bank customers can now use the new MasterCard^® debit card to wave
and pay directly at the gates in the public transport stations, without
needing to carry cash or a separate travel card. The “Muvo” card initiative
will help cardholders gain greater convenience while at the same time provide
competitive advantages to Standard Bank and reduce the burden of managing cash
on public transportation in the city of Durban.

The partnership has already resulted in the provision of more than 100,000
cards for the Ethekwini Municipality, which is looking to dramatically improve
ticketless payments for its public transport system in the coastal city of
Durban. Commuters can load funds into their cards at around 30 sales points
throughout the city. The ‘Muvo’ card complies with the exacting requirements
of the National Department of Transport (NDoT), which mandates the combination
of payment and transport in one single application. It can also be customized
to reflect the profile of individual public transport users, enabling NDoT to
adapt its fares accordingly.

The “Muvo” card adds value for existing account holders, and offers
considerable potential to acquire new customers. These will include many who
previously have been excluded from mainstream banking. Furthermore, by
eliminating the need for cash on public buses, security will be considerably
enhanced. Queuing and disruption to travel schedules will also be reduced, as
travelers and staff no longer have to fumble for change.

Gemalto provides data preparation and personalization services associated to
the “Muvo” card, as part of the ongoing service delivered to Standard Bank for
its portfolio of debit and credit cards.

“The new card showcases the innovative value we strive to offer our customers
by integrating the transit ticket inside a banking card - secured with
bank-strength security - along with a payment wallet,” commented Mike Hughes,
Business Development Manager of Beyond Payments, Standard Bank’s innovation
and new business division. “We are looking to extend EMV contactless payments
to a number of different market sectors including events, schools and
university campuses, as well as toll roads and other players in the transport

“This is a new era of card convergence with multiple services increasingly
being combined on a single product that maximizes convenience for the end
user,” added Gabrielle Bugat, Senior Vice President at Gemalto. “We’ll
accompany Standard Bank in making financial services more accessible to the
underserved population by using transport as a stepping stone.”

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security
with 2011 annual revenues of €2 billion and more than 10,000 employees
operating out of 74 offices and 14 Research & Development centers, located in
43 countries.

We are at the heart of the rapidly evolving digital society. Billions of
people worldwide increasingly want the freedom to communicate, travel, shop,
bank, entertain and work – anytime, everywhere – in ways that are enjoyable
and safe. Gemalto delivers on their expanding needs for personal mobile
services, payment security, authenticated cloud access, identity and privacy
protection, eHealthcare and eGovernment efficiency, convenient ticketing and
dependable machine-to-machine (M2M) applications.

Gemalto develops secure embedded software and secure products which we design
and personalize. Our platforms and services manage these secure products, the
confidential data they contain and the trusted end-user services they enable.
Our innovations offer more ways for our clients to enhance the convenience and
security of people’s digital lives.

Gemalto thrives with the growing number of people using its solutions to
interact with the digital and wireless world.

For more information visit,,, or follow @gemalto on Twitter.

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