The Bull smart card organization of France last week unveiled the Neng card in response to the People's Bank of China's nationwide smart card interoperability proposal.
Bull, which said it already has a 70% share of the bank portion of the Chinese chip card market, with 1.2 million of its TB100 cards, is planning Neng card pilots with Pudong Development Bank, Shanghai.
Users of Bull's SmartPay system will be able to upgrade to the Neng card. It will have multiple-application features including electronic purse, personal identification number security, and contactless reading capability.
China is one of Bull's major markets, said David Levy, general manager, Bull Smart Cards and Terminals. Its move to chip cards will put it "among the most advanced countries in electronic banking."