Thales helps EMV make progress
Chip and PIN payment is closer to becoming the norm in the region with two large deployments in Kuwait and Yemen.
Thales has signed deals in Kuwait and Yemen that will help further the uptake of EMV in the region.
KNET, the national financial switch in Kuwait, has opted to buy 7500 Artema EMV payment terminals over the next three years. Once deployed, EMV-capable systems will account for the majority of the payment terminals in use in the country.
Hasan Akbar, spokesman for KNET, said: “We are committed to our long-term partnership with Thales, which has led to the company becoming our primary supplier of electronic card payment solutions. Since the EMV (Europay, MasterCard, Visa) chip card standard is currently being implemented in Kuwait, we plan to complete certification and deployment of all our Thales Artema products, to ensure that we provide our customers with the most secure payment solutions possible.”
In Yemen, Co-operative Agricultural Credit Bank (CAC Bank will acquire around 2000 desktop and mobile Artema terminals over the next year. As in Kuwait, the CAC deployment is expected to account for the majority of payment terminals in use in the country.
Hafedh F. Mayad, chairman at CAC Bank, said: “The agreement with Thales marks a turning point as The Republic of Yemen enters an era of electronic payment. Thales is one of the biggest and most trusted suppliers of card payment terminals and we look forward to working with them to ensure the success of card transactions in Yemen.”
In the UAE, Thales is also working with an unnamed oil company that owns a retail network. Thales has helped the company develop a pilot card payment solution, based on the Artema Compact terminal, which will support EMV.
Dr. Erskin Blunck, vice president of product marketing, Thales e-Transactions, said: “The Middle East is a key market for Thales and the announcements underpin the increasing presence we have in the region. As the region moves to EMV, we are committed to working closely with our partners and customers to continue to deliver industry-leading solutions drawing upon our extensive EMV experience in Europe.”