Ubivelox, Imminent Supply of Financial Security IC Chip Cards to Australia, Brazil, and Europe

[Asia Economy Reporter Hyungsoo Park] Ubivelox announced on the 15th that it has become the first domestic company to register with key alliances leading the local financial payment markets in Australia and Europe. The financial security market size in Australia, Brazil, and Europe, where Ubivelox has newly entered, reaches 400 million units annually.

Ubivelox has recently achieved business performance exceeding expectations. In the first quarter, Ubivelox recorded consolidated sales of 93 billion KRW, a 39.3% increase compared to the same period last year. Operating profit reached 3.34 billion KRW, up 47.2% from the same period last year.

A Ubivelox official stated, "After years of preparation, we have registered with local financial payment service alliances in Australia, Brazil, and Europe," adding, "This will enable performance improvement through product supply."

He continued, "Ubivelox is the first domestic company to register with the alliances in Australia and Europe," and said, "We plan to expand to other countries."

The official also predicted, "Sales of financial security products meeting overseas local standards will increase," and added, "As the developer of the domestic IC chip standard (KLSC), adopting the standard domestically will enhance our market position."

This content was produced with the assistance of AI translation services.