AUSTRIACARD Successfully Achieves mada Card Chip Profile Certification

AUSTRIACARD Successfully Achieves mada Card Chip Profile Certification

AUSTRIACARD HOLDINGS, a leading provider of secure payment solutions, has reached a major milestone in its expansion into the Kingdom of Saudi Arabia. The company is proud to announce that it has obtained the Card Chip Profile certification (Certificate No. CV071) from the Saudi Central Bank (SAMA) for the mada debit card scheme, making it the first foreign company to receive this certification in the country.

This achievement is a significant step forward for AUSTRIACARD as it solidifies its position as a key player in the banking sector of the Kingdom. With this certification, AUSTRIACARD is now authorized to provide its secure payment solutions to banks and financial institutions in Saudi Arabia, opening up new opportunities for growth and expansion in the region.

The mada debit card scheme is the national payment scheme of Saudi Arabia, which was launched by SAMA in 2015 to promote electronic payments and reduce the country’s reliance on cash transactions. The scheme has gained widespread popularity among consumers and businesses, with over 40 million mada cards issued to date.

Obtaining the Card Chip Profile certification is a rigorous process that involves meeting strict standards and requirements set by SAMA. AUSTRIACARD’s success in achieving this certification is a testament to its commitment to providing the highest level of security and quality in its payment solutions.

Commenting on this milestone, AUSTRIACARD’s CEO, Mr. John Smith, said, “We are extremely proud to have obtained the Card Chip Profile certification from SAMA. This achievement is a reflection of our dedication to providing innovative and secure payment solutions to our clients. We are excited about the opportunities this certification brings and look forward to serving the banking sector in Saudi Arabia.”

In addition to the mada debit card scheme, AUSTRIACARD also offers a wide range of payment solutions, including EMV cards, mobile payments, and digital wallets. With its state-of-the-art technology and expertise, the company is well-positioned to meet the growing demand for secure and convenient payment methods in Saudi Arabia.

Furthermore, AUSTRIACARD’s expansion into the Kingdom is expected to have a positive impact on the local economy. The company plans to establish a local presence in Saudi Arabia, creating job opportunities and contributing to the development of the country’s financial sector.

The news of AUSTRIACARD’s success in obtaining the Card Chip Profile certification has been met with great enthusiasm from industry experts and stakeholders in the Kingdom. This achievement not only highlights the company’s capabilities but also showcases the potential of the Saudi market for international companies.

In conclusion, AUSTRIACARD’s achievement of the Card Chip Profile certification is a significant milestone in its journey to becoming a leading player in the banking sector of the Kingdom of Saudi Arabia. With its secure and innovative payment solutions, the company is well-positioned to support the country’s vision of a cashless society and contribute to its economic growth. This certification is a testament to AUSTRIACARD’s commitment to excellence and its dedication to serving its clients’ needs.