Banking
& Retail services is the fastest growing application
segment of Smart Cards, several banks have issued smart
cards in pre-authorized debit applications as well as for
banking loyalty applications.
Among
the retail applications, smart cards have found a big usage
by the petroleum majors. BPCL, HPCL and IOC have all introduced
smart cards for loyalty applications and the loyalty schemes
have become popular among the users. Gradually, multi-partner
loyalty programmes are expected to find their way using
the technological advantages of smart cards.
Virgo’s
expertise in integrating banking & retail application
with Smart Card while complying EMV standards, keeps it
ahead of other competitors.
