MUMBAI: Giesecke+Devrient (G+D), the German security technology group operating in currency, digital payments, and cybersecurity, is intensifying its focus on India with fresh investments of Rs 1,100 crore planned for 2026. The company aims to enhance localisation efforts and sharpen its focus on digital infrastructure, betting on India's dual-track growth in cash usage and digital adoption. Additionally, G+D is exploring acquisition opportunities among fintech and digital security companies in India.
Expanding Investments and Global Hub Ambitions
Ralf Wintergerst, group CEO and chairman of the management board of G+D, stated that the company is increasing investments in shared services, IT, and R&D in India. This positions the country not only as a key market but also as a global hub for innovation and delivery. The company's strategy reflects its confidence in India's potential as a centre for technological advancement.
Three Pillars of Growth
Historically known for banknote printing and currency management, G+D has expanded into electronic payments, digital identity, and cybersecurity. These areas now form three equal pillars: currency technology, financial platforms, and digital security. India plays a significant role across all three segments.
- Currency Technology: G+D has a long-standing association with the Reserve Bank of India (RBI), including work related to the clean note policy and broader currency management systems.
- Financial Platforms: The company is leveraging its expertise to support digital payment ecosystems.
- Digital Security: G+D is focusing on cybersecurity solutions to address growing digital threats.
The Cash Paradox
Despite the surge in digital payments, Wintergerst highlighted the resilience of cash, referring to a phenomenon he termed the "cash paradox". He explained that while digital payments grow, cash does not disappear. Physical currency continues to play a critical role as a fallback option and in segments that are less digitally integrated. This dual-track approach underscores G+D's strategy to cater to both traditional and modern financial systems.
