DUBAI, UNITED ARAB EMIRATES – 10 APRIL 2019
areeba, a regional financial technology company has partnered with Altpay, a fast-growing digital commerce enablement company, to introduce Smart POS Terminals across Lebanon using Altpay Cloud-Based PCI-DSS certified Digital Commerce Gateway (DCG) and Android based terminals provided by Pax Technology. This partnership was announced during a press conference on April 10, 2019 during “Seamless Middle East” in Dubai and attended by major regional medias and industry experts.
This partnership will allow areeba to modernize its payment acceptance business in Lebanon. Rolling out and deploying such technologically advanced POS terminals, will enable areeba in providing various solutions to its merchant customers. In addition to having the traditional payment acceptance application, such terminals will have the capability of scanning and displaying QR codes, as well as hosting an array of other applications such as mobile Top-up, e-vouchers, loyalty, closed loop card issuance, and most importantly introduce and manage a private app store. Merchants will also benefit from having full access to a merchant portal that will enable them in tracking their sales as well as other data analytic dashboards that will be made available. Such a portal could be accessed through the web and through a mobile app.
Commenting on the agreement, Maher Mikati, CEO of areeba, said: “areeba is committed to investing in new payment acceptance technologies in order to better serve merchants by offering them an array of solutions that would help them better serve the end customer. The partnership with Altpay DCG will further enhance areeba’s position in the Lebanese market as the leader in Merchant Acquiring, and our ambitions to expand regionally.”
Houssam Khatib, CEO of Altpay ME also mentioned: “We are proud to partner with the leading financial and payment technology companies like areeba who share our vision when it comes to improving customer experience in the retail as well as e-tail world and empowering merchants with instant analytics and integrated added value applications to increase revenue streams and customer loyalty.”
This product will be available on the Lebanese market starting Q3 2019.
About areeba:
areeba, a financial technology company and the first non-bank financial institution in Lebanon to offer issuing and acquiring services to banks, other financial institutions, merchants and retailers in the MENA region.
About Altpay:
Altpay is a fast-growing digital commerce enablement company operating in key regional hubs Dubai, Karachi and Luxembourg. Altpay has developed the Altpay Digital Commerce Gateway, one of the world’s first PCI-DSS certified cloud-based omni-channel, multi-apps, omni-instruments payment acceptance platform for Smart Android POS devices.