KONA Software Lab Ltd., a payment and security solutions company, has announced successful implementation of its Kona Card Personalization System (K-CPS) for Islami Bank Bangladesh PLC, one of the largest commercial banks in the country.

This global platform-compliant EMV card personalization system will enable Islami Bank, the first client of K-CPS, to issue EMV debit, credit, and prepaid cards for TakaPay, a local scheme, as well as global schemes such as Visa, Mastercard and UnionPay International.

Representatives of Bangladesh Bank, Islami Bank, and leading industry stakeholders joined the celebration of the milestone for Bangladesh's payment and fintech industry at an event at The InterContinental Dhaka on Thursday evening.

A card personalization system of such calibre and potential has been implemented for the first time in Bangladesh, thanks to know-how of KONA SL’s Bangladeshi software engineers. This achievement is expected to reduce reliance on foreign support while saving both time and valuable foreign currency for the country.

“With K-CPS, KONA Software Lab Ltd. has proven that Bangladesh is no longer just a consumer of foreign technology, but a provider of world-class solutions with fully local innovation and support. This will play a pivotal role in shaping the future of digital payments in the country," said KONA’s Chief Business Officer Siraj Siddiquey.

Congratulating KONA, Islami Bank and other stakeholders for working together to bring to life Bangladesh's first CPS, Executive Director at Bangladesh Bank Arief Hossain Khan said, "This achievement has given us new hope and laid a strong foundation on our path to building a cashless Bangladesh."

Executive Vice President and Head of Digital Banking Wing of Islami Bank Md. Mosharraf Hossain highlighted their experience of the solution provided by KONA SL.

Building on this milestone, KONA SL is preparing to establish a card manufacturing factory and a personalization bureau. It is also likely to launch its own Card Management System and scheme certified Tokenization service.

These initiatives, KONA SL believes, will further strengthen Bangladesh’s payment ecosystem, enabling secure digital issuance and empowering banks to offer modern payment experiences.

KONA SL has powered the end-to-end technology solutions for NexusPay, Nagad, Rainbow, and some other digital platforms in Bangladesh.

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