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SabaCard
- A Success Story:
Al
Rowaishan group and Yemen Commercial Bank have achieved a pioneer
accomplishment in the banking and financial sector in Yemen by
establishing Yemen payments and cards co. SabaCard
in the 2nd quarter of 2005 , SabaCard
owns and manages the first perfect integral center for issuing and
acquiring local and international cards (Visa & MasterCard),
providing networking capabilities for ATMs and POSs, and offering
compatible solution for national switch to local banks, in addition to
utility bills payment and e-refill for mobile subscribers
"e-voucher" .
His
Excellency Sheikh Mohammed Bin Yehya Al Rowaishan the chairman of both
Yemen Commercial bank and SabaCard
confirms that "SabaCard"
is the first of its type in Yemen and it was the result of a clear vision
and very well defined goals. The capital investment of SabaCard was structured to leverage
the readiness of SabaCard
as the main processing center and provider for local Banks in terms of
card product payments services and to meet the direction and willingness
of Central Bank of Yemen to support a central switch in Yemen that has
the infrastructure to provide local banks with national switching
services.
SabaCard is equipped to provide
local, national & international switching services for local banks.
Mr.
Hani Idris the executive consultant of retail & marketing at YCB and
the CEO & GM of SabaCard
declared that SabaCard
adopts the latest advanced technology in terms of software,
hardware and telecommunications.
SabaCard relies on a professional
team of experts to run its day-to-day operation.
Mr.
Idris added that SabaCard
represents the most convenient solution for the banking sectors it will
help local Banks to minimize its capital investment and reduce time and
effort in this regard.
Mr.
Idris also clarified that both YCB and SabaCard
had accomplished a unique achievements in the Payments & Card
business in Yemen market.
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