News and Announcements
YPB Commences Supply of Anti-Counterfeit Solution to Chinese National Bank
- Published August 28, 2015 4:07PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
28th August 2015, ASX Announcement
- YPB has started to supply its invisible tracer and scanners for the protection of deposit certificates for one of China’s 15 national banks
- Approximately 300 million certificates issued by the bank annually
- YPB’s anti-counterfeit solution was selected after a detailed approval process
Anti-counterfeiting technology company YPB Group Limited (ASX : YPB) has started supply of tracer and scanners to one of China’s national banks, it being the largest in terms of footprint with 77,000 branches accross China.
This is YPB’s first acceptance of its anti-counterfeit solution by a national bank in China and could lead to many further applications within China’s banking system. The bank chose YPB’s solution because it provides high security at a low cost per application, protecting the bank and its customers against possible counterfeit with an initial focus on deposit certificates.
Research indicates there are approximately 15 national banks plus more than 30 provincial banks across China including approximately 800,000 branches. With the first bank to commence using YPB’s anti-counterfeit solution, there is a strong opportunity for more banks to follow this adoption.
To read the full announcement, please click here.
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