Thursday, June 2, 2016

OT and PCARD Partner to Provide Secure Payment Solutions to the Saudi Market

COLOMBES, France - Thursday, June 2nd 2016 [ME NewsWire]

(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced a key partnership with PCARD, the Saudi leader in smart card personalization services, to provide high quality secure payment solutions for the Kingdom of Saudi Arabia.

This Partnership will allow Banks of Saudi Arabia to provide innovative cutting-edge payment technology that will enhance and secure their customers’ shopping experience.

Banks will benefit from having a one-stop solution for their various payment card needs, ranging from card design, production, personalization, fulfillment, and dispatch.

Mr. Fahad Al Fawaz, Chairman at PCARD 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.”

“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”, said Muzaffar Khokhar, Regional President for Russia and Middle-East & Africa at OT.


OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

OT employs over 6 500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information:

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Oberthur Technologies

Audrey Besnardeau, Tél. : +33 1 78 14 76 75


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