Crossgate moves to dominate local bank-card market

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Company bets on R25m bank-card production facility to better compete against international rivals

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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