OT Provides Instant Card Issuance for Mashreq Bank in UAE

COLOMBES, France–(BUSINESS WIRE)–OT (Oberthur Technologies), a leading global provider of embedded
security software products, services and solutions and a forerunner in
the payment sector, has been selected by Mashreq Bank to deploy Instant
Card Issuance in the United Arab Emirates (UAE).


Mashreq Bank is one of the UAE’s leading financial institutions.
Established in 1967 by the Al-Ghurair Group, it is the largest private
sector bank in the UAE. With 50 years of experience in the UAE banking
and financial services industry, Mashreq Bank is well established as a
leading commercial and retail bank.

OT has developed an innovative solution for banks to instantly issue
cards. Using this service, the bank can instantly provide a card to its
end-users. Customers can open an account and take away their fully
personalized debit/credit cards immediately.

The solution provided to Mashreq Bank by OT is currently deployed at 35
branches in both the UAE & Qatar, supporting issuance of over 40 Credit
and Debit Card products. OT has deployed its own personalization system
in Mashreq’s branches, allowing the bank to benefit from OT’s expertise
in EMV card personalization. OT also manages bureau card personalization
for Mashreq, which means the chip profiles are only developed once, thus
reducing cost and timelines for the bank in addition to making card
stock management easier.

“We are very proud that OT has been Mashreq’s preferred partner for
EMV personalization for over a decade. Mashreq is among only a handful
of banks that provide innovative and convenient payment solutions to its
customers”,
said Muzaffar Khokhar, Regional President for Russia,
Middle East and Africa at OT.

“Mashreq is committed to delivering innovative solutions that improve
customer experience and become a source of sustainable differentiation.
Our partnership with OT on the Instant Card Issuance solution across the
UAE and Qatar, is one such example that allows any Mashreq customer to
walk in to our branches and walk out with a Mashreq Credit or Debit Card
in less than 30 minutes”,
said Pankaj Kundra, Head of Payments and
Personal Banking, Mashreq Bank.

Come and discover OT’s portfolio of Premium Cards as well as ground
breaking payment solutions on our stand # M10 at Seamless Payments in
Dubai International Convention & Exhibition Centre on 1
st
and 2
nd May 2017.

ABOUT OBERTHUR TECHNOLOGIES

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: www.oberthur.com

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Contacts

Elan Edelman
Chloé Tisseuil, +33 1 86 21 50 54
chloe.tisseuil@elanedelman.com