Market Share of Africa Smart Card Industry
- May 2021 - SecureID launched its smart card factory in Lagos, Nigeria. The manufacturing facility is poised to be the first certified smartcard manufacturing plant in sub-Saharan Africa, the only personalization plant and a smart card production in West Africa, and one of only six on the continent and one of 80 in the world. The company provided innovative offerings to the financial services sector, telecommunications, government, education, healthcare, and private enterprises. The SecureID facility serves 21 countries across Africa and is fully certified by major commercial card companies such as VISA, Verve, and MasterCard. The facility has an ISO 9001/2015 certification for smart card manufacturing and personalizing credit and debit cards.
- September 2021- Mastercard partnered with Paycode to offer biometric smart cards for Africans living in remote communities. According to the companies, 57% of sub-Saharan Africa remains financially excluded, and 30% remain without identification. Additionally, 60% of the population does not have internet connectivity. Therefore, the smart card is expected to modernize the country and enable users to use face or palm recognitions in both offline and online locations.
Africa Smart Card Market Leaders
IDEMIA (Advent International)
Samsung electronics co. ltd
*Disclaimer: Major Players sorted in no particular order