Best Contactless Innovation in the Middle East Award
Fransabank Group proudly announced early June that its MasterCard PayPass Card - issued by Fransabank SAL - won the “Best Contactless Innovation Award” at the “Smart Card Awards Middle East 2012”, organized mid-May in the UAE, by Terrapin.
Fransabank SAL was the first Bank in the South Asia, Middle-East and Africa - SAMEA region, and the third Bank in the world, to launch the MasterCard Paypass Card in 2006. This Card, which is gaining more and more popularity in the world today, introduced the contactless chip revolutionary technology to the market. With its highly advanced "Tap & Go" feature, this Card allows payment through a simple "tapping" on hundreds of thousands of MasterCard PayPass-accepting merchants around the world, without the need to swipe the magnetic strip of the card, provide a signature or enter the required pin. Such feature allows customers to enjoy a time-saving payment with high security.
It is worth noting that Fransabank SAL has developed for many years a series of “first” hits in the payment cards industry in the world and the Middle East region in general and in Lebanon - Fransabank Group’s mother land - in particular.