According to the nation’s industry bodies for private, cooperative and public sector banks more than 30 million cards have been affected. Reportedly, Gemalto and the German banks are actively developing together a corrective process that avoids the replacement of the affected cards.

Olivier Piou, CEO, said: “We are fully focused on minimizing the inconvenience for the cardholders. As a partner, we will of course meet our contractual obligations, and continue to support our clients. We trust that we will promptly deploy a solution with our German customers to return to full normal operation.”