Lebanon-based Bank Audi has launched new debit cards equipped with the Visa payWave contactless payment technology.
Visa’s payWave technology is a contactless payment technology that enables a faster and more secure way to pay for everyday purchases.
The bank said that launch of Visa payWave debit cards in Lebanon will strengthen the usage rate of debit cards on POS terminals that were long used for cash withdrawals on ATMs.
Bank Audi e-payment solutions and card services group head Randa Bdeir said, "Bank Audi recognises the importance of contactless technology and is pleased to partner with Visa to bring this innovative technology to the Lebanese market."
"We have built a solid infrastructure in Lebanon by distributing contactless readers to more than 3,000 merchants, especially as regards to payments and small ticket transactions.
"Contactless technology is known for its reliability and security, and customers can expect a seamless experience when they transact at all check-out points," Bdeir added.
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Visa country manager Lebanon Ramzi Al Saboury said, "Visa’s payWave technology has the dual benefits of optimising the customer experience at points of sale and enhancing the merchant experience through swifter checkout and lower cash handling costs."