TOPPAN Security has acquired dzcard Group to enhance its presence in the Asian payment card market and expand its manufacturing capabilities.

Information on the Target

dzcard Group is a leading manufacturer of smart cards operating primarily in Southeast Asia and Africa. The company is dedicated to securing daily transactions in an increasingly connected world by providing reliable solutions that protect identities, secure transactions, and facilitate connections. With over 1,000 employees, dzcard offers a comprehensive range of products and services that includes cards, packaging, personalization, and digital solutions. Operating across three continents and equipped with two manufacturing plants and seven scheme-certified personalization centers, dzcard is committed to meeting the needs of payment, fintech, telecom, and governmental sectors globally.

Industry Overview in the Target's Specific Country

The smart card industry in Asia and Africa is experiencing significant growth, driven by increasing demands for secure payment solutions and infrastructure improvements. With a youthful population in countries like Thailand, the Philippines, Malaysia, India, Morocco, and East Africa, there is a growing appetite for modernization in payment systems. As these nations invest heavily in developing secure financial infrastructures, the market potential for smart card solutions continues to expand.

In recent years, the financial services sector has seen robust growth as digital banking and payment technologies gain traction. Governments are also focusing on financial inclusion, leading to initiatives that