Crossgate moves to dominate local bank-card market
06 February 2023 - 20:22
Crossgate Technologies, a unit of fintech group Crossfin, is betting that its new R25m bank-card production facility in SA will help it to better compete against international rivals.
The company recently opened its EMV card personalisation facility in Cape Town, the first 100% SA-owned and based entity of its type. EMV refers to the global standard used by Visa, Mastercard and other payment providers to ensure that chip-based payment cards, which store and encrypt sensitive cardholder information on a microprocessor chip, can work between various platforms...
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