HSBC launches first VISA payWave contactless debit chip card in the Middle East |
|
HSBCHSBC
and VisaVisa recently announced that the companies have expanded their global relationship to include the launch of the first debit Visa payWave contactless payment programs in the Middle East. The regional agreement represents an expansion of HSBCHSBC's current credit card issuing relationship with VisaVisa, and is a another milestone in VisaVisa's efforts to combine the company's global brand and payments expertise with strong local marketplace knowledge and execution to help clients grow their business.
The new cards will be available to all HSBCHSBC customers in eight countries including UAE, Qatar, Bahrain, Oman, Egypt, Jordan, Lebanon and Pakistan.
The card will feature an EMV contact chip as well contactless payment technology for fast transactions at merchant locations where speed and security are critical, such as quick service restaurants, and convenience stores. The Visa payWave debit cards will also be able to support services such as loyalty programs for cardholders, bringing more convenience and added value to debit transactions.
"The introduction of a region-wide HSBC Visa debit chip card is further evidence of HSBCHSBC's commitment to delivering innovative products to market and enhancing customers' banking experience. We are delighted to launch a product in association with VisaVisa that offers our customers convenience and flexibility, enabling them to use their cards at the point of sale and ATM," said Abdulfattah Sharaf, CEO Personal Financial Services, HSBC Middle EastHSBC Middle East.
"This deal expands the relationship between two global leaders - HSBCHSBC and VisaVisa - in some of the fastest growing areas in the world," said Hans Morris, president, VisaVisa Inc. "We are delighted by HSBCHSBC's decision to enhance our partnership and extend VisaVisa's debit products to new and existing customers across multiple geographies. Importantly, this agreement delivers on our strategy to expand VisaVisa's global debit leadership, as we seek to further the migration from cash and check to VisaVisa payments."
-Ends-
HSBCHSBC Bank Middle East Limited (HSBCHSBC)
HSBCHSBC is the largest and most widely represented international bank in the Middle East. HSBCHSBC Bank Middle East Limited has 46 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, Pakistan and the Palestinian Autonomous Area. In addition to the branch network the Bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBCHSBC Group, HSBCHSBC Bank Egypt SAE; and by its associated companies; The Saudi British Bank; British Arab Commercial Bank Limited; HSBCHSBC Saudi Arabia Limited; SABB Securities Limited; SABB Takaful Co.; and Dar Es Saalam Investment Bank.
HSBCHSBC Holdings plc - www.hsbc.com
HSBCHSBC Holdings plc, the parent company of the HSBCHSBC Group, is headquartered in London. The Group serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,547 billion at 30 June 2008, HSBCHSBC is one of the world's largest banking and financial services organisations. HSBCHSBC is marketed worldwide as 'the world's local bank'.
About VisaVisa Inc.
VisaVisa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the VisaVisa, VisaVisa Electron, Interlink and PLUS brands. VisaVisa enjoys unsurpassed acceptance around the world, and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com
Media enquiries to Andrea Jaishankar,
Manager Communications,
HSBCHSBC Bank Middle East Limited
04 4235635
andreajaishankar@hsbc.com
© Press Release 2008
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Saudi Telecom Company | Saudi Arabia | Telecommunications Services |
| Saudi Arabian Oil Company | Saudi Arabia | Oil |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Hyundai Engineering and Construction Company - Saudi Arabia | Saudi Arabia | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Almarai Company | Saudi Arabia | Food |
| Samba Financial Group | Saudi Arabia | Banking |
| Abu Dhabi Distribution Company | UAE | Electric Utilities |
| KIA Motors Corporation Middle East and Africa | Region-wide | Transportation Products |
Projects
| Project Name | Country | Sector |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| ADNOC - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Vale Oman - Sohar Iron Ore Pellet Plant | Oman | Industry |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Red Sea Refining Company - Yanbu Export Refinery | Saudi Arabia | Oil and Gas |