Gemalto has announced that Riyad Bank is migrating its entire portfolio to Gemalto\u2019s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country\u2019s first contactless payment method, which grants Riyad Bank a clear differentiator in the local retail banking market.<\/p>\n
Consumers love the convenience and speed of paying with a contactless card \u2013 no more fumbling for cash, counting change, or wondering about whether they have enough cash for a purchase. The introduction of contactless cards puts Riyad Bank at the forefront of one of the most powerful trends currently shaping the consumer environment in Saudi Arabia, where the contactless infrastructure is being established. The latest report from ABI Research predicts there will be 100,000 contactless payment terminals across Saudi Arabia by the end of 2015, rising to 500,000 by 2019.<\/p>\n
\u201cRiyad Bank achieved SAMA2 certification recently and Gemalto was first to offer a dual interface card that meets this requirement, a key determining factor in our decision,\u201d said Khalid Hariry, Senior Vice President and Head of Retail Products and Services Section at Riyad Bank. \u201cBased on Riyad Bank\u2019s long-standing and successful business partnership with Gemalto and their position as world leader in contactless EMV cards, they were the natural choice for our innovative project.\u201d<\/p>\n
\u201cRiyad Bank will reap the benefits of being first to market in Saudi Arabia, with a solution that offers broad appeal, especially for young, fashion-conscious consumers,\u201d said Eric Claudel, President of Middle East & Africa for Gemalto. \u201cGemalto is committed to supporting Riyad Bank in their contactless strategy, which could evolve towards mobile NFC solutions.\u201d \t<\/p>\n","protected":false},"excerpt":{"rendered":"
Gemalto has announced that Riyad Bank is migrating its entire portfolio to Gemalto\u2019s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country\u2019s first contactless payment method, which grants Riyad Bank a clear differentiator in the local retail banking market. Consumers love the convenience and speed of paying with a […]<\/p>\n","protected":false},"author":20,"featured_media":3910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,106,16,791],"tags":[598,1002,161,790,277],"class_list":["post-3909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-mobile","category-regional-news","category-ksa","tag-banking-finance","tag-emv-contactless-card","tag-gemalto","tag-ksa","tag-saudi-arabia"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/3909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=3909"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/3909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/3910"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=3909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=3909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=3909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}