Boubyan Bank Offers the First Contactless Payment Cards to Kuwait Thanks to OT

Oberthur Technologies (OT), a leading global provider of embedded
security software products, services and solutions today announced its
selection by Boubyan Bank, a leading bank in Kuwait to offer the first
contactless payment cards.

In order to offer its customers innovation and cutting-edge technology,
Boubyan Bank has decided to market new contactless payment cards,
provided by OT. It significantly enhances the shopping experience as
customers just need to wave their contactless payment card in front of a
contactless terminal. The first contactless terminals are expected in
2016.

Thanks to OT’s contactless technology, people can experience shopping
differently: make faster and convenient transactions while remaining
secure.

“As we strive constantly for innovation and technology to drive our
strategy and growth, we partnered with OT who are market leaders, to
enable us to offer the new contactless technology to our customers and
help deliver innovative and customer centric solutions
” said
Abdullah Al Najran Al Tuwaijri, Deputy Chief Executive Officer at
Boubyan Bank.

We are delighted to have been selected by Boubyan Bank to provide
the first contactless payment cards in Kuwait. Contactless payment
technology is globally booming and we are glad that a bank as innovative
as Boubyan Bank has chosen OT as a partner to introduce it. We are
confident that it will revolutionize the banking landscape in Kuwait and
that Boubyan Bank is paving the way with this technology
” said
Muzaffar Khokhar, Business Director FSI-BU for Russia, Middle
East & Africa at OT.

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in embedded digital security that protects you when
you connect, authenticate or pay.

OT is strategically positioned in high growth markets and offers
embedded security software solutions for “end-point” devices as well as
associated remote management solutions to a huge portfolio of
international clients, including banks and financial institutions,
mobile operators, authorities and governments, as well as manufacturers
of connected objects and equipment.

OT employs over 6 300 employees worldwide, including almost 700 R&D
people. With a global footprint of 4 regional secure manufacturing hubs
and 39 secure service centers, OT’s international network serves clients
in 140 countries. For more information: www.oberthur.com

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