Gulf Bank First to Launch POS Terminals that Accept Contactless and Near Field Communication
Gulf Bank announced today the launch of Point of Sale (POS) Terminals
with the latest technology that accept Near Field Communication (NFC)
payment through all cards types, making it the first bank in Kuwait to
launch this service. The new technology is being launched in
cooperation with KNET and MasterCard and will be available at Costa
Coffee outlets across Kuwait starting September 1 2015. We will slowly
roll out upgrading this technology to the other outlets in Kuwait.
Near Field Communication technology (NFC) is a technology that enables
customers to perform payment methods in which a chip installed in
debit and credit cards transmits a radio signal when it is waved or
tapped at the POS terminal, resulting in faster and easier payments.
Gulf Bank has chosen to launch this advanced method for the first time
in Kuwait in order to facilitate the payment acceptance process across
the merchants’ outlets and customers’ purchasing process as well. It
also highlights the bank’s acknowledgement of the importance of
technology and speed of transactions to people nowadays, and the
evolvement of the banking industry worldwide.
Cesar Gonzalez-Bueno, Chief Executive Officer at Gulf Bank said: “The
launch of the new POS Terminals with NFC technology reflects our
utmost concern to facilitate customers purchasing process while
meeting worldwide payment standards. This payment method makes
purchases quicker and clients move faster.
“At Gulf Bank, we are continuously searching for unique ways that
assist customers to an easy and fast banking experience; we aim to
provide customers with the newest technologies available in the
banking industry locally and internationally to meet their needs and
demands.”
The launch of the POS Terminals with NFC technology represents a very
big and important step forward and underscores Gulf Bank’s commitment
to the goal of providing a secure, easy, and fast purchasing process
to serve its loyal customers.
Haamed Al Fulaij, General Manager of Costa Coffee, commented “Costa
Coffee recognizes the importance of embracing new technologies and we
are delighted to welcome NFC technology as a new and convenient way
for our customers to pay for their coffee. This collaboration with
Gulf Bank and shift to NFC technology provides our customers with an
almost instant payment method, a way to cut wait times, and ultimately
speed up service.
Pankaj Kathuria, Area Head for Southern Gulf, MasterCard commented: “
We are excited to be a part of the first ever NFC terminal rollout in
Kuwait - a huge step in creating simpler and faster payments in the
market. MasterCard recognizes the importance of bringing communities
the latest payment technology, and we are working with partners like
Gulf Bank to provide consumers and businesses with new, innovative
payment solutions to make their lives easier.”
Gulf Bank announced today the launch of Point of Sale (POS) Terminals
with the latest technology that accept Near Field Communication (NFC)
payment through all cards types, making it the first bank in Kuwait to
launch this service. The new technology is being launched in
cooperation with KNET and MasterCard and will be available at Costa
Coffee outlets across Kuwait starting September 1 2015. We will slowly
roll out upgrading this technology to the other outlets in Kuwait.
Near Field Communication technology (NFC) is a technology that enables
customers to perform payment methods in which a chip installed in
debit and credit cards transmits a radio signal when it is waved or
tapped at the POS terminal, resulting in faster and easier payments.
Gulf Bank has chosen to launch this advanced method for the first time
in Kuwait in order to facilitate the payment acceptance process across
the merchants’ outlets and customers’ purchasing process as well. It
also highlights the bank’s acknowledgement of the importance of
technology and speed of transactions to people nowadays, and the
evolvement of the banking industry worldwide.
Cesar Gonzalez-Bueno, Chief Executive Officer at Gulf Bank said: “The
launch of the new POS Terminals with NFC technology reflects our
utmost concern to facilitate customers purchasing process while
meeting worldwide payment standards. This payment method makes
purchases quicker and clients move faster.
“At Gulf Bank, we are continuously searching for unique ways that
assist customers to an easy and fast banking experience; we aim to
provide customers with the newest technologies available in the
banking industry locally and internationally to meet their needs and
demands.”
The launch of the POS Terminals with NFC technology represents a very
big and important step forward and underscores Gulf Bank’s commitment
to the goal of providing a secure, easy, and fast purchasing process
to serve its loyal customers.
Haamed Al Fulaij, General Manager of Costa Coffee, commented “Costa
Coffee recognizes the importance of embracing new technologies and we
are delighted to welcome NFC technology as a new and convenient way
for our customers to pay for their coffee. This collaboration with
Gulf Bank and shift to NFC technology provides our customers with an
almost instant payment method, a way to cut wait times, and ultimately
speed up service.
Pankaj Kathuria, Area Head for Southern Gulf, MasterCard commented: “
We are excited to be a part of the first ever NFC terminal rollout in
Kuwait - a huge step in creating simpler and faster payments in the
market. MasterCard recognizes the importance of bringing communities
the latest payment technology, and we are working with partners like
Gulf Bank to provide consumers and businesses with new, innovative
payment solutions to make their lives easier.”
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