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Riyad Bank launches Saudi Arabia’s first contactless EMV bank card with Gemalto

September 2015 by Emmanuelle Lamandé

Gemalto announced that Riyad Bank, one of Saudi Arabia’s foremost financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.

"Riyad Bank achieved SAMA [1] certification recently and Gemalto was first to offer a dual interface card that meets this requirement, a key determining factor in our decision," said Khalid Hariry, Senior Vice President and Head of Retail Products and Services Section at Riyad Bank. "Based on Riyad Bank’s 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."

[1] Saudi Arabian Monetary Agency (SAMA)

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