* Angola’s payment processor EMIS is migrating its debit payment cards to ‘Chip and PIN’ based on Gemalto’s technology
* Scalable solution for Angolans to benefit from future waves of contactless and mobile payments
JOHANNESBURG, South Africa, March 5th, 2018 -/African Media Agency (AMA)/- Gemalto, the world leader in digital security, is supplying EMIS (Empresa Interbaricária de Serviços), Angola’s domestic payments processor, with a PURE white label payment solution that will enable swift migration to the enhanced security of the EMV ‘Chip and PIN’ standard. As a result, millions of Angolan consumers are set to enjoy greater protection against fraud for all their domestic card transactions, and a future characterized by exciting new contactless and mobile payment services.
Angola joins growing African migration to EMV
According to EMVCo, over 68% of countries in Africa and the Middle East have now made the switch from legacy magnetic stripe payment card technology to EMV.1 By encrypting sensitive data on a chip embedded in the payment card, EMV delivers a step change in privacy and security for consumers, and supports a new generation of convenient ‘tap and go’ transactions. PURE facilitates this growing need for secure, mobile convenience through its complete suite of specifications enabling contact, contactless and mobile payment.
PURE puts EMIS in complete control
The PURE solution will provide EMIS with full control over Angola’s domestic payment ecosystem. Using the field proven PURE solution, EMIS will dramatically reduce time to market. PURE is compatible with any EMV back-end system, POS terminal or ATM, and will enable card issuers throughout the country to effortlessly launch new payment products and services.
EMIS is securing its independence in Angola by joining the PURE Community, an open forum of independent domestic schemes sharing their technical expertise and providing input to the PURE roadmap.
“Angola has a fast-growing and progressive financial services sector, and we are committed to introducing the full benefits of EMV as quickly as possible,” said Mr Jose Gualberto de Matos, CEO for EMIS. “PURE offers a one-stop solution, and clear roadmap to new contactless and mobile payments for Angolan consumers.”
“Payment processors are increasingly looking to achieve greater independence for their domestic schemes,” said Nassir Ghrous, Gemalto’s senior vice president for Africa, Middle East and CIS. “Already proven in over 30 national programs, PURE provides EMIS with a future proof and scalable solution that can grow in line with the evolving Angolan market.”
Distributed by African Media Agency (AMA) on behalf of Gemalto.
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto’s solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.
Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.
EMIS – Empresa Interbancária de Serviços (English: Interbank Service Company), www.emis.co.ao, is the operator of the Angolan interbank network for the network of ATMs and Point-of-Sale (POS) terminals for automatic payments under the brand name of MULTICAIXA. EMIS is also the clearing house for those payments and for electronic funds transfer operations, electronic cheques and direct debit for all banks in Angola.
The legal basis for EMIS’ existence and activity is the national law on Angolan Payment Systems (SPA), the Central Bank of Angola, BNA, directive No. 9/2011 of 13 October on the regulation of bank payment cards, and various other laws and directives regulating the Angolan financial system.
The main shareholder of EMIS is the Angolan central bank, the Banco Nacional de Angola (BNA) with 35%. The actual banks participating in the interbank network hold participations from 1.94% up to 10% of the shares.
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Source : http://amediaagency.com/angola-embraces-the-enhanced-security-brought-by-emv-card-payments-with-pure-solution/