Augmenting the thrust of the Government on domestic manufacturing in Hi-Technology space, Moser Baer has launched Crypto token for digital signature and e-commerce applications in the information security solutions segment. This will be the first security token to be manufactured in India with local sales, service and system integration support. The scope and relevance of the product is very timely as the e-commerce industry has grown from $3.8 billion in the year 2009 to $ 9.5 billion in 2013. The offering is a ready to use robust solution for all key security challenges faced by the e-commerce and digital world such as misuse of digital signatures, account hacking, network snooping, etc.
Speaking on the launch, Deepak Shetty, Senior VP — Domestic Sales and Marketing, Moser Baer said, “According to Industry reports there has been a 150% growth in E-commerce industry in past few years and the industry is expected to contribute 4% to GDP by 2020. Considering the high growth and critical role of e-commerce industry, Moser Baer Crypto Token has been introduced in India in technical collaboration with Giesecke & Devrient- one of the world’s leading technology providers from Germany. The new Government has taken multiple steps towards fastening of process and we feel advent of Crypto Token will provide the adequate security impetus to the movement. The market is flourishing in India and we aim to exploit the potential by providing an end-to-end, high-quality, easy to use and reliable product supported by a wide-spread service and sales network.”
Colin Mayne, M D, Giesecke & Devrient India said “Moser Baer is our trusted partner in this uniquely challenging market. They are finding creative ways to make security technology relevant to Indian businesses. Our collaboration will continue to bring great products to market in the years ahead.”