The story
Visa Inc. introduced the Visa OpenPlatform smart card specification in April 1998 to support the development of multi-application smart cards based on Java Card technology. In 1999, Visa donated the specifications to the OpenPlatform Consortium in order to drive wider adoption. The OpenPlatform Consortium and the specifications themselves were renamed GlobalPlatform later that year. Mastercard joined the association in 2001, who intended to include MULTOS. American Express joined in 2009. In 2025, the governance of PSA Certified was handed over to GlobalPlatform.
From Wikipedia’s article on GlobalPlatform, shared under CC BY-SA 4.0.4