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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
& local business in Yemen market.
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