Kona software lab ltd. which is the Dhaka office of Korean smart card manufacturer KONA I working for last several years as regional reseller of Underwriters Laboratories (UL) testing tools and services. UL is a global safety and security certification company headquartered in Illinois, USA and as of now it serves in more than 104 countries.
In the Banking and Non-Banking Financial Institution domain, there are three actors i.e. acquiring side, switching or payment brand side and issuing side.
Kona Software is working in both acquiring and issuing side testing and certification services. The acquiring terminals like ATM terminals, POS terminals require testing and certification first before the commercial launching and Kona Software is supporting the financial institutions to test their terminals, make them compliant with international standards and hence receiving the international certifications to operate. At present there are around 11,000 ATM Terminals and 49,000 POS Terminals in Bangladesh.
Kona Software is also working on the testing and certification of Chip Cards of different payment brands i.e. MasterCard, VISA etc. on the issuing side of financial institutions. There are around 100 members in the Bangladesh Office of Kona Software Lab Ltd. and they are working relentlessly to expand the different form factors of digital financial services around the globe.