TOPPAN Security, a Singapore-based secure identity and payment solutions provider, announced Wednesday that it has entered into a definitive agreement to acquire dzcard Group, a Thailand-based provider of smart card solutions and personalization services.

TOPPAN said in a statement that this strategic acquisition immediately positions the the firm as the clear leader in the Asian payment card market.

The acquisition significantly expands the company’s footprint by doubling its banking cards manufacturing capacity and its network of personalization centers.

Building on its established presence in the Middle East, Africa, Latin America, and Europe, TOPPAN Security will now offer localized banking card services to clients in high-growth markets including Thailand, the Philippines, Malaysia, India, Morocco, and East Africa.

With a significant youth demographic, these nations are actively investing in modern, secure payment infrastructure and financial inclusion initiatives, making them key strategic regions.

“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,” said Jean-Pierre Ting, President of TOPPAN Security.

He said that this acquisition is a clear indication of the firm’s broader strategic ambitions and is one of the many steps in its expansion plans.

Renaud Adam, Chief Executive Officer 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,” he added.

According to the statement, this acquisition highlights TOPPAN Security’s commitment to delivering end-to-end, high-quality physical and digital payment solutions.

The combined organization will operate an expanded network of personalization and manufacturing facilities, providing the scale necessary to effectively support financial institutions, global banks, and fintechs across five continents.

Dzcard is a leading smart cards manufacturer in Southeast Asia and Africa.

The firm is a fully integrated company and offers an entire range of products: cards, packaging, personalization, digital solutions, and encrypted authentication.

The firm has more than 1,000 collaborators, operations in three continents, two manufacturing plants, and seven scheme-certified personalization centers.

TOPPAN Security serves as the international development arm of the TOPPAN Group, focusing on advancing security solutions across global markets.

The company specializes in secure document and card manufacturing, biometric authentication, encryption, and identity verification solutions, supporting governments and businesses in building resilient digital ecosystems.

Through partnerships with governments and businesses worldwide, TOPPAN Security develops cutting-edge technologies that enhance physical and digital security.

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