Riyad Bank launches Saudi Arabia’s first contactless payment wristband
Riyad Bank, one of the largest financial institutions in Saudi Arabia, has teamed up with Gemalto for the country’s first-ever range of contactless payment wristbands.
The two companies are already long-standing partners.
The wristbands are fitted with Gemalto’s Contactless MiniTag and linked to the user’s existing debit, credit account or prepaid accounts, enabling them to make “tap and go” payments.
The bank has also launched Gemalto’s contactless sticker that can be fixed to the back of any mobile phone to turn it into a contactless payment device.
Nassir Ghrous, SVP, banking and payments for CISMEA at Gemalto, observes that “a new a new generation of consumers across the Middle East is looking for banking solutions that can help facilitate their busy, on-the-go lifestyles”.