To support India’s EMV® migration, FIME is launching the country’s first Level 1 contactless testing laboratory and certification services. Payment terminal manufacturers will benefit from local support for their EMV projects, optimizing time to market and costs.
Combined with the India laboratory’s EMV Level 2 and 3 testing and consultancy services, FIME will offer local players unrivalled end-to-end support to quickly and cost-effectively define, design, develop, deploy and validate contactless products. This helps fast-track compliance with the nation’s digital transformation requirements.
“Migrating to a chip-based payment infrastructure takes time, but it’s an extremely important project that’s made substantial progress,” comments Nalin Bansal, Head of RuPay from National Payments Corporation of India (NPCI). “As terminal manufacturers work to meet rising demand for EMV-compliant products, locally-available support from expert partners like FIME is fundamental to promoting low cost devices and cut down certification cost and timelines considerably.”
“FIME supported us step-by-step when we designed and launched the first made-in-India payment terminal, supporting our final certification via its France lab,” comments Mr MV Gowtama, CMD at Bharat Electronics Limited. “We’re delighted to hear its plans to offer these final certification services locally and its commitment to enabling Indian vendors to succeed globally.”
“Government initiatives such as the RuPay scheme and launch of the National Common Mobility Card (NCMC) are really driving demand for EMV products across payments and transport,” comments Angaj Bhandari, Country Manager of India and South Asia at FIME. “FIME has supported Indian innovation for over 15 years. Combined with our local expertise, these new services will be invaluable in helping vendors quickly and cost-effectively get products to market locally and internationally.”
To find out more about how FIME’s expertise is supporting the Indian market, contact the India office directly.
*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.