Thursday, 28 October, 2021

KonaSL empowers digital economy

  • Scitech Report
  • 27 September, 2021 12:00 AM
  • Print news
KonaSL empowers digital economy

Kona Software Lab Ltd. (KonaSL) was established in 2012 in Bangladesh as an R&D centre of South Korean smartcard pioneer company KONA I Co Ltd.

Since then, KonaSL has gradually transformed itself from being only an R&D Center to also becoming a Global Solution Business Wing of KONA, which has over 20 years of dominant international presence.

Globally, KONA serves 500 customers in 90 countries. In Bangladesh, KONA serves good number of banks and own good market share.

Kona Software Lab Ltd. is a company comprising of around 100 employees, more than 70 of which are engineers who are graduates from renowned institutions such as BUET and University of Dhaka. The talent and hard work of its employees has brought the company to where it is now.

Software products of KonaSL range from operating system of microprocessor chips to payment systems escalating to billions of users and transactions all around the globe.

KonaSL’s focused development areas are Smartcards, Digital Payment Solutions, Blockchain as service based on Ethereum and Hyperledger and Secure element based on IoT Security.

KonaSL’s parent company Kona I, since its establishment in 1998, has contributed to creating a business that is beneficial to the world.

By developing and commercializing South Korea’s first-ever bus-subway integrated transportation card system, Kona I has changed the paradigm of public transportation use, and by developing a chip operating system (COS), more than 3 billion people around the world use Kona I’s products in the digital authentication fields such as finance, communication, and public sectors.

KonaSL has been providing chip cards to financial institutions of Bangladesh for a quite a few years now, both on its own and through a third-party vendor. More than 30 banks in the country use Kona’s cards, which are manufactured in 2 factories in South Korea. KonaSL also delivers the chip (without the plastic) along with Kona’s proprietary Card Operating System to a few companies.

KonaSL has established itself as a strong force in the Bangladesh market and also has had huge contributions to several projects of its parent company Kona I, which are now yielding significant business value for the company.

KonaSL is here to serve and will continue expanding its areas of support and business with new innovations, and make more meaningful contributions in the payment and security industry in Bangladesh, as well as the rest of the world.