Myanmar-based Asia Green Development Bank (AGD Bank) has started accepting EMV-based Visa and MasterCard chip-enabled card transactions in all its ATMs, thereby becoming the first lender in the country to offer the service.
Wincor Nixdorf, along with its local partners Myanmar Golden Rock and ACE Data Systems, has deployed the EMV solution for the bank within a period of five months.
The solution comprises three levels, including EMV Level 1 Hardware (Wincor’s EMV-compliant card reader), EMV Level 2 Software, and EMV Level 3 Back-End Integration.
AGD Bank managing director Htoo Htet Tay Za said: "AGD aims to provide enhanced customer experiences in the most secured environment for our customers. By implementing the global EMV standard, we are achieving a significant leap forward in protecting our cardholders against fraud.
"Wincor Nixdorf has been a long term partner with the bank and we are confident they are able to help AGD successfully manage this EMV migration."
Wincor Nixdorf vice president for Asia-Pacific banking Karsten Kemna said: "Wincor Nixdorf congratulates AGD Bank for running the first EMV compliant ATM network in Myanmar, therefore setting the pace for other banks to also ensure this security certificate.
"Wincor Nixdorf has been working extensively with various financial institutions across the globe for many years to help them transition to EMV, and we are continuously developing and promoting technologies that ensure safer transactions for the benefit of the end customers."