Smart card and electronic payment vendor Intellect and Malaysian system integrator EPNCR, are supplying smart card technology to Malaysia's Government MultiPurpose Card (GMPC) development project.
The GMPC will incorporate a number of functions such as identity, immigration and health information, driver's licence, e-cash and debit card functions.
The contract to supply Intellect's terminals is initially worth $3 million, which will cover the pilot phase, according to Ross Leighton, director of Intellect.
When the actual rollout begins, the Malaysian government will pump $30 million-$50 million into the project in the next two years, of which Leighton hopes Intellect will get a sizeable portion. Intellect and EPNCR are part of a consortium of technology companies supplying hardware, software and know-how to the GMPC development project.
The GMPC project is one of seven multimedia projects undertaken as part of Malaysia's Multimedia Super Corridor (MSC) initiative. The Malaysian government-sponsored MSC aims to accelerate the development of Malaysia's IT industry, as well as attract foreign IT companies into the country.
Early this year, Intellect signed a $4.6 million contract with Coles Myer to supply its payment terminals to Target and Kmart stores.
The company was started in Perth, and now has its global headquarters in Belgium and offices in Sydney, Melbourne, Perth, and the UK. It is also listed on the Australian Stock Exchange. In Asia, the company uses "a mix of channels because business models and markets vary from country to country", Leighton said.