Business Services Industry
MALAYSIA: MALAYSIA LEADING IN SMARTCARD INITIATIVES.(Brief Article)
IPR Strategic Business Information Database, July, 2004
MasterCard International said it has rolled out 23 million smartcards in Asia Pacific as of June, and Malaysia was one of the countries leading the migration. Of the 23 million cards, more than 90 percent are EMV-compliant smartcards, the company said in a statement issued last week. EMV (Europay, MasterCard, Visa) is the industry standard that ensures global interoperability for all credit and debit smartcard transactions.
- (World IT Report.com)
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