EMV ROLL OUT IN AFRICA

The EMV standards enable debit and credit card payment transaction to occur using chip technology. Chip card technology is thirty years old and it is only now that the technology is being introduced in a big way into the banking industry. It has taken long time to agree on standards to secure the interoperability so vital in the banking industry.

In practical terms, a chip card issued by a South African bank will work in a terminal owned by a Brazilian bank.


SUBSCRIBE THE JUNE EDITION OF CARDTECHNOLOGYAFRICA FOR FULL ARTICLE