What UBIVELOX does

UBIVELOX INC. is a South Korea-based payment technology company founded in 2000 that supplies smart-card, secure-payment, and embedded-security solutions to banks, financial institutions, telecommunications carriers, and transportation operators. The company's offering is organized into five pillars: (1) Banking & Payment — secure banking solutions, payment applications, and global market coverage for issuers; (2) Embedded Technology — device security, USIM (Ucard), and secured EDC terminals; (3) Smart Card Management & ID — secured payment and smart identification solutions; (4) Card Manufacturing — production equipment, creative card design, and a Special Cards line that includes Visa-certified Metal Cards, dual-interface Biometric Cards, Anti-PVC Eco-Friendly Cards ("BIG"), and Automotive Smart Card Keys; and (5) a consumer-facing MyData service branded Uplanner. The group also lists subsidiaries/affiliates such as ThinkWare, Lime-i, Inavisys, InaviMobility, Beagle People, and Carepod, indicating strategic adjacency into navigation, IoT, mobility, and consumer services.

The company operates a direct enterprise field-sales motion targeting large Korean banks and financial institutions, supplemented by partnerships for global market coverage. It is headquartered in Guro-gu, Seoul (with operations referenced in Bucheon), employs 251–500 people, and reports Representative Director Lee Heung-bok (이흥복). Pricing is not publicly disclosed; engagement is initiated through sales contact for products, samples, and partnerships. The company has no disclosed parent, public listing, or institutional investors in the available materials, and has not raised external funding rounds in the data provided.

Revenue mechanics appear to combine hardware (cards, USIM, EDC terminals), licensed software (payment applications, smart identification), and an emerging software-as-a-service component (Uplanner MyData). The published financial series shows steady revenue growth from 2021 to 2025 with significant pressure on margins — declining EBITDA, contracting operating income, and a 2025 net loss — which suggests either rising input costs, competitive pricing, or investment costs associated with product expansion. The supplied financial figures carry labeling inconsistencies (units and currency are ambiguous), so any revenue-band interpretation should be treated with caution.

Name

UBIVELOX

Legal name

UBIVELOX INC.

Website

https://ubivelox.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

UBIVELOX is a South Korean payment technology company that designs, manufactures, and supplies smart cards, secure payment applications, USIM, EDC terminals, and a MyData service for banks, financial institutions, telecom carriers, and transportation operators.

Ownership category

akta.pro rank

Product category

Smart Card and Payment Technology

akta.pro primary industry

Secure ICs, Smart Cards & Trusted Hardware (HDAHAAAJ)

akta.pro secondary industry

Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)

Keywords

• Smart card solutions
• Payment technology
• Secure banking
• Embedded security
• Card manufacturing

Headquarters

HQ city

Bucheon

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

UBIVELOX provides secure banking and payment technology solutions, embedded security modules (including USIM and secured EDC terminals), smart card management and identification systems, advanced card manufacturing (Metal, Biometric, Eco-Friendly and Automotive cards), and the Uplanner MyData personal financial data management service. Its offerings are sold primarily to banks and financial institutions globally through direct enterprise sales.

Product overview

UBIVELOX offers a comprehensive suite of payment technology solutions designed to deliver Life Innovation. The portfolio is organized around five core pillars: Banking & Payment Solutions (Secure Banking Solution, Payment Application), Embedded Technology (Device Security Solution, Ucard USIM, Secured EDC Terminals), Smart Card Management & ID (Secured Payment Solution, Smart Identification Solution), Card Manufacturing (Card Manufacturing, Card Designs, Special Cards), and MyData Service under the Uplanner brand. Special Cards serve as a notable add-on module offering Metal Cards (Visa-certified), Biometric Cards with dual interface, Eco-Friendly cards using recyclable materials, and Automotive Smart Card Keys. The company positions itself as a world-leading smart card solution provider.

Differentiator

Problem solved

Functional benefit

Brands

• Uplanner: MyData Service provided by UBIVELOX

Products and services

• Banking & Payment Solutions Comprehensive banking and financial solutions including Secure Banking Solution and Payment Application that set new standards for financial transactions, targeted at banks and financial institutions.
• Embedded Technology Security solutions for home and industrial applications including Device Security Solution, Ucard USIM, and Secured EDC Terminals, serving companies integrating secure elements into devices and POS systems.
• Smart Card Management & ID Solutions for creating frictionless experiences while protecting data, including Secured Payment Solution and Smart Identification Solution for secure payment processing and identity verification.
• Card Manufacturing Advanced production equipment and outstanding design capabilities for producing secure cards, including creative card designs for card manufacturers and financial institutions.
• Special Cards Specialty cards including Metal Cards (innovative SUS Metal designs, embedded chip and RF, certified by Visa), Biometric Cards (cutting-edge biometric technology with flexible PCB and dual interface), Eco-Friendly Cards (recyclable anti-PVC synthetic resin), and Automotive Smart Card Keys (standard-compliant).
• Uplanner (MyData Service) A MyData-branded personal financial data management service under the Uplanner brand that enables users to take control of their financial performance and personal data management.

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature14 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Idemia: Global leader in payment cards, secure elements, and identity solutions. Closest direct competitor to UBIVELOX across smart card manufacturing, banking/payment applications, and government ID — competing for the same bank clients with a comparable end-to-end stack.
• Thales (formerly Gemalto): Major provider of EMV payment cards, SIM/USIM, and secure element technology through its Thales DIS business. Directly comparable to UBIVELOX in secure banking, mobile connectivity (USIM), and card manufacturing, with global bank relationships.
• Giesecke+Devrient: German family-owned smart card, payment, and secure identity specialist. Competes with UBIVELOX in bank card issuance, secure elements, and identity documents, and is a relevant comparison point for an integrated card + secure software stack.
• CPI Card Group: US-focused payment card manufacturer including metal, biometric, and eco-friendly specialty cards. Highly comparable to UBIVELOX's Card Manufacturing pillar and specialty card portfolio (metal, biometric, sustainable materials).
• Goldpac: Hong Kong/China-based smart card and payment solution provider serving banks across Asia. Comparable regional peer with similar focus on EMV card manufacturing, secure payment solutions, and identity applications in Asia-Pacific.
• Watchdata: China-based provider of smart cards, payment terminals, and secure transaction solutions. Comparable peer serving banks and payment networks across emerging Asia, often competing for the same regional mandates.
• VALID: Brazilian-headquartered provider of payment cards, secure identity, and digital enablement solutions with significant Asian operations. Comparable in card manufacturing and banking/identity solutions, particularly in emerging markets.

Broad incumbents

• NXP Semiconductors: Supplies the secure element ICs (e.g., SmartMX) that underpin the smart cards and payment credentials UBIVELOX produces. Acts as both a critical upstream supplier and a broader incumbent in secure ICs, trusted hardware, and connected-vehicle security.
• Infineon Technologies: Leading supplier of secure controller ICs for payment cards, SIM/USIM, and government ID. Comparable to UBIVELOX's secure element and USIM business at the silicon layer, and competes indirectly via its partner card manufacturers.

Regional players

• Eastcom: Chinese smart card and mobile communication terminal provider focused on the domestic China market. Compares to UBIVELOX's USIM and banking/payment card lines, but does not directly overlap in UBIVELOX's primary Korean/SE-Asia footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UBIVELOX