Kuwait-based Boubyan Bank has selected French digital security firm Oberthur Technologies to provide contactless payment cards.
Boubyan Bank will market Oberthur’s new contactless payment cards to enhance its customers’ shopping experience by enabling them make payment by just waving their contactless payment card in front of a contactless terminal.
The first contactless terminals are expected in 2016.
Boubyan Bank deputy CEO Abdullah Al Najran Al Tuwaijri said: "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."
OT business director FSI-BU for Russia, Middle East & Africa Muzaffar Khokhar said: "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."