Gemalto delivers micro-banking technology in Bangladesh

  Gemalto delivers micro-banking technology in Bangladesh

Business Wire

AMSTERDAM -- June 3, 2013

Regulatory News:

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is
providing its smart card based solution to Dipon Consultancy Services Limited
(DCSL) for their financial inclusion project in Bangladesh. DCSL is
implementing this project in collaboration with Prime Bank Limited (PBL). The
program named Prime Cash which represents over 76% of the country’s 150
million-population^1 aims to provide secure access to banking services for
people with limited or no access to banking services in both rural and urban
areas in Bangladesh.

In its effort to foster financial inclusion, DCSL has deployed DG-ePay (Dipon
Group-ePay) Service Points at major public places throughout the country. End
users can enroll themselves and open an account at any of the DG-ePay Service
Points. The Gemalto smart cards contain an embedded software application that
securely stores the holder’s facial image and fingerprint data captured upon
enrollment. End user transactions are validated using biometric
authentication, providing a superior level of convenience and security to all,
including illiterate users. The Gemalto solution facilitates daily life
financial services, such as account opening, deposit, withdrawal, transfer,
loan repayment and remittances. DCSL has already delivered 200,000 cards to
end users.

“Gemalto’s solution is the perfect fit for our market, where the literacy rate
is less than 60%^2, enabling users to authenticate themselves in a fast,
intuitive and highly secure manner,” said Syed Javed Iqbal, Director, Dipon
Consultancy Services. “We believe Gemalto’s smart card technology will go a
long way in the spread of financial services to the remote corners of our
country, contributing to enhancing the Digital Bangladesh campaign.”

“This is a great example of how digital security can benefit a developing
market and bring essential financial services to the world’s under-banked,”
added Suzanne Tong-Li, Senior Vice President, Gemalto Asia. “Bangladesh is one
of the fastest developing markets for branchless-banking in the world and we
look forward to accompanying Prime Cash Project in their journey towards
Digital Bangladesh.”

Gemalto has delivered this solution through its partner Instrumental Clique
(IC), a sister concern of DCSL. IC has a market share of around 40% for supply
of bank cards in Bangladesh. In its efforts to provide access to banking for
the unbanked, Gemalto has already rolled out over ten million smart cards in
India for microfinance. Gemalto offers these customized solutions to micro
finance partners, banks and non-government organizations.

^1 World Bank data
^2 BangladeshBureau of Statistics

Additional information

Digital Bangladesh by 2021 vision proposes to mainstream ICTs as a pro-poor
tool to eradicate poverty, establish good governance, ensure social equity
through quality education, healthcare and law enforcement for all, and prepare
the people for climate change.

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security
with 2012 annual revenues of €2.2 billion and more than 10,000 employees
operating out of 83 offices and 13 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. We develop secure embedded
software and secure products which we design and personalize. Our platforms
and services manage these products, the confidential data they contain and the
trusted end-user services made possible.

Our innovations enable our clients to offer trusted and convenient digital
services to billions of individuals. 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.


Gemalto Media Contacts:
Peggy Edoire, +33 4 42 36 45 40
Europe, Middle East & Africa
Pierre Lelievre, +65 6317 3802
Asia Pacific
Nicole Smith, +1 512-758-8921
North America
Ernesto Haikewitsch, +55 11 5105 9220
Latin America
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