Saudi Press: Saudi Arabia Always Seeks to Enhance its Relations With GCC Countries in Various Fields    S.Korea Records 4,954 New Cases of COVID-19    Kuwait condemns terrorist Houthi militia attempts to target Riyadh city with ballistic missile    Bahrain strongly condemns launch of ballistic missile by terrorist Houthi militia towards Riyadh city    U.S. State Department Affirms its Support for the Kingdom of Saudi Arabia against Houthi's Terrorist Attacks    Saudi and Omani Companies Sign 13 MoUs Related to Joint Work in Promising Economic Sectors    Saudi Aramco Announces $15.5 Billion Landmark Gas Pipeline Deal with Global Consortium    Arab Parliament Condemns Terrorist Houthi Militia's Targeting of the Cities of Riyadh and Khamis Mushait with Ballistic Missiles    The Ministry of Defense: The Royal Saudi Air Defense Intercepts and Destroys A Ballistic Missile Launched by the Houthi Militia Towards Riyadh    Dr. Al Rabeeah inaugurates launch of first 154 aid trucks to Yemen    UN deplores conviction and sentencing of Aung San Suu Kyi    King Abdullah Port sponsors SMME reinforcing commitment to maritime sector    Crown Prince embarks on Gulf states tour    SWCC shares initiatives in realizing Saudi Green goals in London Forum    Saudi Export Development Authority Organizes Saudi Trade Mission to USA    Saudi Stock Exchange Main Index Ends Trading Lower at 11021 Points    LuLu group and EFAA group make kindness and support priority on World Disability Day.    Coalition forces shoot down two Houthi-fired drones    Saudi Arabia's new COVID-19 cases continue its slight rise    Saudi and GCC entrants set to dominate motorcycle and quad battles in Hail    10 days to go until Riyadh comes alive with MDLBEAST'S majestic shows    World Directs Attention to Final Round of FIA Cross Country Rally World Cup in Hail    Saudi ministry stresses need for wearing masks, social distancing in mosques    Pakistani education minister lauds Saudi e-learning success during the pandemic    Next pandemic could be more lethal than Covid, says vaccine creator    5-day Jeddah international motor show starts Today at 6 PM    Lewis Hamilton wins thrilling Saudi Arabian Grand Prix    Crown Prince attends inaugural Saudi Arabian Grand Prix    Deputy Governor of Hail: Hail International Rally is a practical translation of the wise leadership's support    Hail International Rally to Kick off Tomorrow    SAMI, Airbus to Form Joint Venture for Military Aviation MRO and Services    Hamilton sets pace in free trials in Formula 1 STC Saudi Arabian Grand Prix    Red Sea Immersive to provide enthralling experience: Liz Rosenthal    Invest in Saudi Arabia Initiative Announces its Partnership with Formula 1 Saudi Grand Prix    Duchess of Sussex wins latest court battle with Mail on Sunday publisher    Trolls join UN campaign for healthier eating, sustainable living    BIENALSUR Exhibition Arrives in Jeddah at Historic Site of Qasr Khuzam    Saudi Hind Al-Showaier Elected Regional Director of World Federation of the Deaf    Saudi Film Commission launch its strategy to develop film and cinema sector    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    First Full International Marathon in Saudi Arabia to be Held in March 2022    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    

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HSBC expands Visa debit cards in Middle East, Asia Pacific
Published in The Saudi Gazette on 01 - 11 - 2008

HSBC selects Visa as exclusive brand partner for new consumer debit cards in 20 countries, launches first contactless Visa payWave-enabled debit card in the Middle East
Visa Inc. and HSBC announced on Thursday that the companies have expanded their global relationship to include new debit card programs in a number of countries and territories throughout Asia Pacific and the Middle East.
The five-year regional agreements represent an expansion of HSBC's current credit card issuing relationship with Visa and are the latest milestones in Visa's efforts to combine its global brand and payments expertise with strong local marketplace knowledge and execution to help clients grow their business.
HSBC Middle East Limited will begin issuing new Visa-branded debit cards by early 2009 in eight countries including United Arab Emirates, Qatar, Bahrain, Oman, Egypt, Jordan, Lebanon and Pakistan. Some of these approximately one million new cards will also be Visa payWave-enabled, allowing cardholders to make contactless payment transactions quickly and securely at the point of sale. The Visa payWave-enabled debit cards will also be able to support services such as loyalty programs for cardholders, bringing more convenience and added value to debit transactions.
“The introduction of a region-wide HSBC Visa debit chip card is further evidence of HSBC's commitment to delivering innovative products to market and enhancing customers' banking experience. We are delighted to launch a product in association with Visa that offers our customers convenience and flexibility, enabling them to use their cards at the point of sale and at the ATMs,” said Abdulfattah Sharaf, CEO, Personal Financial Services, HSBC Middle East.
Under terms of the agreement for Asia Pacific, Visa will become HSBC's exclusive partner for new consumer debit products, with HSBC issuing more than 10 million Visa debit cards in Australia, Brunei, India, Indonesia, Malaysia, Mauritius, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.
Currently, there are approximately 847 million Visa Inc. debit cards globally; representing more than $2.1 trillion in total volume, for the 12 months ended June 30, 2008. __

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