Gemalto selected by National Commercial Bank of Saudi Arabia to deploy contactless EMV payment cards
(Thomson Reuters ONE) -
Amsterdam, April 5, 2016 - Gemalto (Euronext NL0000400653 GTO), the world leader
in digital security, has been chosen by National Commercial Bank (NCB) of Saudi
Arabia to migrate its entire portfolio of credit cards to fast, convenient and
secure contactless EMV cards. NCB, one of the country's largest banks with more
than four million customers, will offer consumers the chance to save time when
shopping with speedy transactions, using Gemalto's proven Clarista contactless
EMV cards. The card was customized to meet the Saudi Arabian Monetary Agency
(SAMA) specifications and Gemalto was first to achieve that certification for a
dual interface card in the kingdom.
Gemalto has a long-standing relationship with NCB and this new contract will
place the bank at the forefront of the country's fast-developing contactless
payment market. According to ABI Research, two million contactless cards will be
deployed in Saudi Arabia by the end of 2016, with annual growth of 25% through
to 2019. The number of contactless POS terminals is predicted to grow at 57% per
annum over the same period(1).
The launch of NCB's contactless card portfolio supports the wider efforts of the
SAMA to encourage the move to a cashless society. New regulations are also
fuelling the trend to e-commerce and m-commerce across the country.
"We have chosen Gemalto to migrate our entire credit card portfolio based on the
trust that has been built by the continuous dedication of their team since
2010," said Wael Abdulmoty Mohammed Hussain, Head of Credit Cards Consumer
Finance Division Retail Banking Group for NCB. "Gemalto is fully supporting
NCB's commitment to introducing the latest solutions that meet the demands of
our customers for a more seamless shopping experience."
"This customized card is in line with Gemalto's approach to consistently suit
its technologies to the very specific needs of local markets," said Eric
Claudel, President of Middle East & Africa for Gemalto. "The logical next step
is to consider further NFC payment technologies, including wearables, stickers
and other form factors, and we confidently expect this trend to begin in Saudi
Arabia in the very near future."
(1 )Latest ABI Research report "Payment and Banking Cards & Contactless
Technologies"
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2015 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.
Our technologies and services enable businesses and governments to authenticate
identities and protect data so they stay safe and enable services in personal
devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise
security and the internet of things. We authenticate people, transactions and
objects, encrypt data and create value for software - enabling our clients to
deliver secure digital services for billions of individuals and things.
Our 14,000+ employees operate out of 118 offices, 45 personalization and data
centers, and 27 research and software development centers located in 52
countries.
For more information visit www.gemalto.com, www.justaskgemalto.com,
blog.gemalto.com, or follow (at)gemalto on Twitter.
Gemalto media contacts:
Philippe Benitez Peggy Edoire Vivian Liang
North America Europe & CIS Greater China
+1 512 257 3869 +33 4 42 36 45 40 +86 1059373046
philippe.benitez(at)gemalto.com peggy.edoire(at)gemalto.com vivian.liang(at)gemalto.com
Ernesto Haikewitsch Kristel Teyras Shintaro Suzuki
Latin America Middle East & Africa Asia Pacific
+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 8266
ernesto.haikewitsch(at)gemalto.com kristel.teyras(at)gemalto.com shintaro.suzuki(at)gemalto.com
NCB Contactless Payment Card by Gemalto:
http://hugin.info/159293/R/2000299/737904.jpg
Press release (PDF):
http://hugin.info/159293/R/2000299/737980.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gemalto via GlobeNewswire
[HUG#2000299]
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Datum: 05.04.2016 - 07:01 Uhr
Sprache: Deutsch
News-ID 461791
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