French digital security company Oberthur Technologies (OT) has partnered with PCARD, a provider of smart card personalization services, to provide secure payment solutions for the Saudi Arabia market.
The collaboration will enable Saudi Arabian lenders to provide latest payment technology that will enhance and secure their client’s shopping experience.
The French firm said that banks will benefit from having a one-stop solution for their various payment card needs, ranging from card design, production, personalization, fulfillment, and dispatch.
PCARD chairman Fahad Al Fawaz said: "This partnership with OT opens up new prospects for the Saudi market. With a leader like OT, we will be able to deliver cutting-edge technology and open the path to disruptive solutions for our customers."
Muzaffar Khokhar, regional president for Russia and Middle-East & Africa at OT, commented: "We are thrilled to be part of the payment ecosystem in Saudi Arabia. Our partnership with PCARD will bring global products, solutions, and best practice to compliment PCARD’s strong local footprint."