Beirut, Lebanon – 20 April, 2018: Mediterranean Oil Shipping & Transport Co. MEDCO SAL, the leading and centennial Lebanese petroleum company announced today, in partnership with areeba, the launch of its latest innovation: MEDCO Pay, at a press event held at the MEDCO Chevrolet station, in the presence of Visa and Mastercard representatives, bank representatives and journalists.
MEDCO Pay is the 1st dynamic QR Mobile Payment in Lebanon allowing customers to pay for gas with their smartphones. Customers just need to download mymedco loyalty app from Apple Store and Google Play and link it to their Visa or Mastercard issued from any bank in order to start using MEDCO Pay at any MEDCO station. Honored by 203 MEDCO and Phoenicia stations throughout the country, MEDCO Pay is today’s most convenient, secured and accurate gas filling for motorists.
Michèle Chammas Garzouzi, Chief Innovation Officer and Retail Director at MEDCO, said:
“Motorists always aspire for ultimate convenience at the “service” station. As we have been partnering with Visa for the past 2 summer campaigns, we data mined every habit of the cardholders and noticed that they preferred staying in their cars when filling gas and dreaded shouting out their cards’ PIN code to the pump attendants. So we thought of MEDCO Pay as a proprietary payment mode within our mymedco loyalty app for the motorist to pay with his mobile on the tablet which is connected to the dispenser’s AI for no manual intervention of the gas amount MEDCO Pay will let you stay light in your taxi drone (you can also stick to your car or electric vehicle!) at your next visit to MEDCO! Another innovation that meets the consumers’ expectations.”
MEDCO found in areeba the ideal processor and exclusive partner to its MEDCO Pay seamless user experience. areeba will be at the forefront of driving mobile payments to MEDCO service stations, both sharing the passion for innovation, upgrades and change.
Ramzi Saboury, Chief Commercial Officer at areeba, said:
“Every business is looking for ways to introduce innovative products to retain customers and attract new ones. By offering a QR-based mobile payment solution, MEDCO can achieve these goals and create greater customer experience. In an attempt to drive affordable acceptance of electronic and mobile payments onto the market, areeba is keen on developing and implementing QR code payment solutions using Mastercard and Visa platforms that provide merchants of all sizes and types a fast, secure and convenient way to accept mobile payments.” Adding: “Merchants using QR code for the first time are thrilled about how quickly and securely they receive electronic payments without having to invest into expensive point-of-sale infrastructure. Once again, areeba is proud to contribute to the launch of digital payments which will help facilitate the journey towards a cashless future.”
About MEDCO S.A.L
MEDCO is an importer and distributor of Quality refined petroleum products and the leading Lebanese Petroleum Company. Its roots go back to 1910, established by Georges N. Chammas (Ets. GNC)
Its driving mission is to fuel the market with innovation and customer oriented value-added services. First in the region to import bulk gasoil by tankers, MEDCO introduced to the Lebanese Market electronic pumps, Liters Plus fuel credit and loyalty smart card serving 65% of the corporate market share, Convenience Stores branded Medmart, Calmart, Yala Stop, electronic flow meters for digital gasoil distribution, Xpand red gasoil, environmentally friendly Propell Gasoline enhanced with additives for a cleaner engine and first CSR loyalty programs for NGOs with the Sharing program, offline and online programs, the Blue Pages (El 7al bel 7ay), the loyalty scheme, introducing the first woman tank truck driver and installed the First Electric Vehicle chargers in Lebanon. MEDCO distributes refined Petroleum products to over 203 service stations across Lebanon. www.medco.com.lb.
About areeba
areeba is an electronic payment technology company licensed by Visa and MasterCard and has an agreement with American Express. Established in 2017, areeba adopts latest technology and provides solutions and payment services to banks, governments and merchants to suit their aspirations and needs.
areeba offers services tailored to global requirements, from card issuance and management, non-contact payment solutions, contactless and mobile payment, 24-hour contact center services and co-branded programs. It also provides merchants and governments with the latest e-commerce platform and point-of-sale machines that adopt the highest standards and safety systems. areeba operates a wide range of loyalty programs, including: collecting points and miles, cashback programs, and providing consultancy services for the planning, design and development of electronic products and payment solutions.
areeba’s philosophy is based on three core principles: upgrading technology to higher levels, innovation in products and services, and establishing reliable and long-term relationships with its customers.
For more information visit www.areeba.com, or follow @areebalebanon on LinkedIn, Facebook or Instagram.