TOPPAN Security has announced a definitive agreement to acquire dzcard Group, a provider of smart card solutions and personalisation services in Asia and Africa.
The strategic acquisition positions TOPPAN Group as a leading entity in the Asian payment card market.
This development will double TOPPAN Security’s banking card manufacturing capacity and its network of personalisation centers.
The company, which is positioned as a global provider of secure identity and payment solutions and already active in the Middle East, Africa, Latin America, and Europe, will now extend localised banking card services to new markets including Thailand, the Philippines, Malaysia, India, Morocco, and East Africa.
These regions are noted for their young populations and ongoing investments in secure payment infrastructure and financial inclusion.
The acquisition is part of TOPPAN Security’s strategy to provide comprehensive physical and digital payment solutions.
The combined organisation will offer the scale necessary to support financial institutions, global banks, and fintech companies through an expanded network of manufacturing and personalisation facilities across five continents.
Jean-Pierre Ting, President of TOPPAN Security, said,
“Integrating dzcard Group into the TOPPAN Group marks a key milestone in our global expansion. By combining TOPPAN Security’s global scale with dzcard Group’s regional strength, we are building a future-ready secure solutions business designed for long-term growth, innovation, and strategic agility.
This acquisition is a clear indication of our broader strategic ambitions and is one of the many steps in our expansion plans.”
Renaud Adam, CEO of dzcard Group, said,
“Joining the TOPPAN Group marks an exciting new chapter for dzcard Group. We share a strong cultural alignment with TOPPAN Security, grounded in a mutual commitment to quality, client service, ambitious growth, and team spirit.
Together, we’ll accelerate investment, unlock economies of scale, enhance our capabilities, and drive innovation across all our markets.”
Featured image: Edited by Fintech News Singapore/Malaysia, based on image by thanyakij-12 via Freepik
