AUSTRIACARD Secures SAMA Certification for Mada Debit Card Chip Profile
AUSTRIACARD HOLDINGS AG announced that it has successfully obtained certification for its debit card chip profile (CV071) from the Saudi Central Bank (SAMA), under the Kingdom’s national debit card scheme, Mada, marking a significant strategic milestone in the company’s regional expansion.
The certification reflects AUSTRIACARD’s commitment to meeting the highest international standards in payment card technology, following a rigorous approval process conducted by SAMA. The achievement confirms the company’s technical expertise and the quality of its chip-based payment solutions.
Mohamad Shamloul, Group Chief Technology Officer, stated that obtaining the certification is clear evidence of the dedication and excellence of the company’s teams. He noted that this milestone enables AUSTRIACARD to collaborate more closely with banks and financial institutions in Saudi Arabia, strengthening its position as a trusted partner in the global payments ecosystem.
Burak Bilge, Executive Vice President for Turkey, the Middle East, and Africa, emphasized that the certification allows AUSTRIACARD to offer its full portfolio of payment card solutions to the Saudi market. He reaffirmed the company’s commitment to supporting the Kingdom’s digital transformation agenda and building long-term partnerships with the banking sector to drive growth and enhance customer experience.
Saudi Arabia is among the fastest-growing financial markets in the region, driven by the objectives of Vision 2030, which prioritizes digital transformation and the modernization of payment infrastructure. The Mada system plays a central role as the national payment network, processing millions of transactions on a daily basis.
AUSTRIACARD is a global provider of identity and payment solutions, headquartered in Vienna, Austria. The company operates nine manufacturing facilities across Europe and the United States, maintains a strong global sales presence, employs approximately 2,400 people, and is listed on the Vienna and Athens Stock Exchanges under the ticker ACAG.