Gemalto delivers micro-banking technology in Bangladesh
03 June 2013 14:51 GMT

Gemalto delivers micro-banking technology in Bangladesh

Gemalto 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, 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 enrol 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 enrolment. End user transactions are validated using biometric authentication. 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.