TMC Stages on Middle East, Becoming Chip Supplier of First UnionPay Card in UAE

Published:2016-3-2 14:43

The first UnionPay Card in UAE is to be released. As the chip supplier of this first card, Beijing Tongfang Microelectronics Co Ltd (“TMC”), together with such partners as XH Smart Card Co Ltd (“XH”), the local financial group and the local bank in UAE as well as UnionPay International, will witness this great moment. It is learned that the dual-interface UnionPay card provided by XH and TMC to the local financial groups in UAE represents China UnionPay’s first PBOC 3.0-based card issued in UAE.

The local financial group in UAE in this deal is the top-notch prepaid card and compensation service company in UAE. As a new comer in smart technology in the world and a new company on the NEEQ, XH, together with TMC, cooperates with local financial groups in UAE, representing an important measure of XH to explore the financial markets in Middle East and Africa.

This time XH adopts TMC’s THD88 dual-interface financial IC card chip, which passed the international CC EAL4+ security certification in 2015. The design management process of THD88 has reached international standards, making it highly competitive in both performance and cost in the international markets. TMC is accelerating its presence in the overseas financial IC card chip markets and has successfully entered the Middle East market, laying a good foundation for the company to further open the international markets.