Fime and ITC PLC Bring Local EMV® L3 Payment Terminal Testing to Bangladesh

  • Payments
  • 30.05.2024 09:50 am

Fime has partnered with Bangladesh-based technical service provider ITC PLC to deliver local EMV® Level 3 test services. This supports the nation’s expanding digital payments ecosystem. Stakeholders can now validate and integrate their payment terminals locally, reducing time to market and costs.

Osman Haider, Business Director at ITC PLC, comments: “As a leader in Bangladesh’s financial services ecosystem, ITC PLC needed a trusted partner to enhance local certification services. Fime’s global expertise, coupled with its local experience supporting Bangladesh’s domestic payment scheme, made it the ideal choice as we look to deliver state-of-the-art payments infrastructure.”  

Banks, issuers and acquirers can now access local L3 consulting, certification, card and mobile personalization validation (CPV), in addition to the requisite testing tools.

“Fime is extremely happy to partner with ITC PLC, a well renowned financial services provider to both the central and member banks in Bangladesh,” adds Deakin Daney, Sales Director – India & South Asia at Fime. “Together, we will provide best in class products and services to the financial ecosystem including our Savvi Test Platform and Smartspy+ tools, helping us play a role in the growth of the domestic scheme in the country.”

Having helped launch the nation’s domestic card scheme in 2023, this announcement highlights Fime’s ongoing commitment to the growth in sovereign economic development in Bangladesh. The nation’s digital revolution is cementing its status as an emerging global economy, with innovative smart mobility, open banking and CBDC use cases being driven by its central bank. Local L3 testing will help local banks continue towards a stable, sovereign financial future.

 

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