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2nd Lotus Dual Interface chip card with VCCS application of MK Smart is certified by NAPAS

Hanoi – March 11, 2020 MK Smart Join Stock Company (MK Smart) has been granted with the LOA for its dual interface chip card ‘LOTUS SUDa” by NAPAS. This is the second chip with VCCS (Vietnam Chip Card Standard) application of MK Smart that has been certified by Napas.

Previously, on August 20, 2019, MK Smart officially became the first and sole Vietnamese enterprise to obtain NAPAS’s certificate for “LOTUS-SKDa” dual-interface chip product in accordance with Vietnam Chip Card Standard (VCCS). The name “Lotus chip” was inspired by the image of lotus flower – which is the national flower of Vietnam.

In order to obtain the certificate for manufacturing chip card product, Lotus chip of MK Smart must meet Vietnam Chip Card Standards (VCCS -) the domestic payment card technical standards. Its functions and applications are strictly tested by NAPAS and its security was tested by international security laboratories with many stringent EMV compliance tests.

With this certificate, MK Smart can offer a wider range of choices for banks in terms of chip types In particular, during this challenging time of COVID-19 crisis, MK commits to supporting local banks with business continuity plan in place as well as to convert their magnetic card base to VCCS chip cards before the end of 2021 in accordance with the mandates by the State Bank of Vietnam.

As the No. 1 expert in the field of smart card manufacturing in Vietnam with 2 smart card factories, MK Smart is the only company in Vietnam certified by international card schemes for manufacturing and personalizing their card products, including Napas, Visa, MasterCard, JCB, and UPI ./.


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