Kona software lab ltd which is the Dhaka office of Korean smart card manufacturer KONA has been working for the last several years as the 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 serves in more than 104 countries, said a media release by the company.
Kona Software is working in the acquiring and issuing side testing and certification services in the Banking and Non-Banking Financial Institution domain .
According to the media release, 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 ie 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.