Oberthur Card Systems and NovaCard form Strategic Alliance

Friday 29 October 2004 00:11 CET | News

Oberthur Card Systems and Russian NovaCard, have partnered to serve the rapidly growing demands of the Russian Market.

The strategic alliance utilises the state-of-the-art production facilities in Nizhniy Novgorod, coupled with Oberthur Card Systems expertise in EMV card development and chip card personalisation solutions. NovaCard, the first Russian company to be approved for production of payment cards by both Visa and MasterCard will reinforce its market leading position with Oberthur Card Systems, the number one supplier of Visa and MasterCard payment cards in the world. The two companies will also collaborate in the mobile sector. Combining Oberthur Card Systems’ status of market innovator to the SIM card industry with NovaCards’ position as a key supplier to the local market will provide operators within the region targeted solutions for increasing Average Revenue Per User (ARPU) and efficient management of the operator supply chain. The alliance is multi-layered to provide both companies with the greatest benefit and enable each other to rely on a shared expertise.

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Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce