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May 09, 2012
Smart Packaging Solutions, a firm specializing in the design, manufacturing and sale of contactless solutions dedicated to ID cards, e-passport and dual interface banking cards, has recently announced a partnership with Bsmart, a Brazilian company involved in secure transaction markets, to enhance its presence in Latin America and the Caribbean.
Bsmart boasts an extensive track record and a long standing expertise in smart card markets. The company also has a strong commercial presence in Latin America and the Caribbean.
Both the companies, as per this partnership will be allowed to support the upcoming development in the dual interface banking card market throughout the continent.
In a press release, Ivan Peytavin, head of sales for the Americas at SPS, said, "Thanks to our partnership with Bsmart, we will be able to bring our reliable and cost effective solutions for dual interface cards to the Brazilian, and more globally, Latin American and Caribbean market."
Officials said that the Latin American banking card market is already one of the most dynamic in the world. EMV contact cards are already being used by several countries across the world. To migrate to dual technology banking cards and support both contact and contactless interfaces, several projects have also been launched.
According to a recent report from IMS Research, the installed base of payment and banking smart cards is likely to reach 450 million just in Brazil by the end of 2016.
"We are very happy to become SPS Agent, and to add their valuable expertise in dual interface cards to our portfolio of payment solutions. The combined team effort between Bsmart and SPS will be instrumental in supporting the boom of payment markets in Latin America and the Caribbean", added Lourival Mazzo, commercial manager for Bsmart Group.
Smart card manufacturers of all sizes, with the help of SPS EBooster technology, are allowed to deliver high-performance dual technology cards to financial institutions issuing banking cards.
In related news, Smart Packaging Solutions is proud to announce it is ready to deliver its first products to smart card manufacturers in China, allowing them to benefit from its EBooster technology.
Edited by Brooke Neuman