Riyad Bank becomes first Saudi bank to introduce Mastercard Digital Enablement Service

The Mastercard Digital Enablement Service (MDES) is a platform that supports the management, generation and provisioning of digital payment credentials into mobile devices to enable simpler and more secure digital payment experiences.
Updated 27 December 2017
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Riyad Bank becomes first Saudi bank to introduce Mastercard Digital Enablement Service

Riyad Bank, one of the largest financial institutions in Saudi Arabia, announced the launch of the Mastercard Digital Enablement Service (MDES), becoming the first local bank to offer the new global digital payment service in the Kingdom.
The Mastercard Digital Enablement Service (MDES) is a platform that supports the management, generation and provisioning of digital payment credentials into mobile devices to enable simpler and more secure digital payment experiences.
With shopping becoming an increasingly multi-channel process, MDES is making purchasing even faster, simpler and more secure. After adding their card details to the Riyad Bank wallet application on their smartphone, consumers no longer need to pull out their card at checkout: They simply tap on a contactless-enabled POS terminal and enter their password to complete the payment. MDES optimizes in-store checkout experience, making everyday payments hassle-free. This kind of simplicity is fundamental to the growth of electronic payments.
“The digital revolution we are currently witnessing, augmented by the increased growth in e-commerce and the proliferation of smartphones and tablets, means that any connected device has the potential to become a commerce device. As our global digital payment service goes live in Saudi with Riyad Bank, Mastercard cardholders as well as merchants in Saudi will enjoy the benefits of safety, security and convenience,” said Khalid Elgibali, division president for Middle East and North Africa, Mastercard.
MDES guarantees the highest possible standards of security and privacy. It offers the bank’s cardholders a variety of services and the ability to make transactions and manage their cards via a mobile banking application. The reliability and security of transactions offered by Riyad Bank, along with the global MDES, now ensure maximum security for payments made via smartphones and credit or prepaid cards issued by Riyad Bank, anywhere and anytime.
MDES enables retailers to offer a fast, simple shopping experience, thereby reducing queues and time at checkout.
Saudi consumers will now be able to use the service when shopping from many types of Android devices while the retailers using contactless POS terminals will be able to offer fast and secure payments to international customers.
Riyadh Al-Zahrani, executive vice president, Retail Banking, Riyad Bank, said: “Riyad Bank has always been at the forefront of innovation in the banking and payments space. The launch of MDES is another example of providing cutting-edge payments solutions to our customers. Now, they can pay using their mobile phones, and will not need to carry cash or plastic cards.”


Bahri promotes gender balance in workplace

Updated 21 May 2019
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Bahri promotes gender balance in workplace

Saudi logistics and transportation company Bahri recently participated in the 13th Annual Maritime HR Conference in London. The company’s chief support officer Hisham Alkhaldi was invited as a guest speaker at the largest worldwide gathering of maritime HR professionals. 

Held at Leonardo Royal Hotel in London from May 9 to 10, the annual event discussed key issues facing HR teams in the maritime industry. The conference brought together regulators, industry-renowned speakers, business leaders, and nearly 200 delegates representing shipowners, ship managers, oil companies, and other maritime employers such as classification societies and P&I clubs. 

Speaking on the “Diversity and Inclusion in the Maritime Industry” panel at the conference, Alkhaldi put a spotlight on the under-representation of women in the workplace across industries, particularly in the maritime sector. Highlighting that only 2 percent of seafarers worldwide are women and less than 1 percent occupy leadership roles in the industry, he said that it has become imperative for various stakeholders in the maritime industry to step up both concerted and individual efforts to address these challenges effectively and swiftly. 

“As a result of constant and deliberate efforts to raise awareness about the importance and benefits of gender balance in the workplace, policymakers and businesses in the maritime industry increasingly identify equal opportunities as a top priority today. Promoting women’s participation at work is critical not only for accelerating economic growth and sustainable development but also for driving stronger bottom-line results for businesses,” Alkhaldi said.

“Similarly, a diverse workforce will lead to higher productivity and customer loyalty, and catalyze innovation, leveraging the perspectives and experiences of employees of different nationalities, and ethnicities. As an employee-centric organization, Bahri has incorporated diversity and inclusion in its human resources policies and processes.” 

Alkhaldi also shed light on Bahri’s initiatives aimed at embracing diversity and inclusion across all aspects of its business. The company has been striving to boost the participation of women in its operations, which reached 18 percent this year. Bahri has also teamed up with universities to develop programs that will help introduce students to the maritime sector and its services. 

At the heart of Bahri’s diverse and inclusive workforce is its “Talent Management Framework,” which provides a clear direction for strategically attracting, sourcing, managing, developing and retaining talents in the company. The framework was recently named the “Best Recruitment & Talent Management Strategy” at the inaugural CIPD Middle East People Conference & Awards. The company had also won in the “Best Talent Development Strategy” category at the Future Workplace Awards 2018.