Bankers and technicians have emphasized the use of EMV (Europe, MasterCard and Visa) technology to financial institutions to secure digital transactions. EMV is a composite form of the MasterCard and Visa in Europe, recognized as the international standard of financial transactions.
On the last day of Basis Soft exposition at the Bangabandhu International Conference Center in the city, the seminar titled 'Security and Interoperability in Digital Financial Inclusion' organized by Digital Payment Platform Company, KNOW Software Lab Limited, discussed the use of technology in economic activities, officials of the engineers and financial institutions.
At the beginning of the seminar, EMV gave a fundamental idea on technology, as Mahbub Bin Rahim, Head of Marketing Lab, Software Lab Limited. He compares the international standard of chip-based services in financial transactions and the situation in Bangladesh. The engineer's senior engineer, Abdullah Al Shamim, highlighted the engineering aspects of EMV technology. Senior Vice President of Software Touhid Ahmed Chowdhury presented the current picture of the technical (digital) financial services of Bangladesh. The representatives of different banks of the country participated in the seminar.