OMA Emirates is partnering with Magnati, a regional leader in the payment solutions industry, to white label Android-based Point of Sales (POS) terminal devices that would be deployed to registered Magnati merchant locations.
According to Magnati and OMA Emirates sources, the smaller portable Android 7.x devices use the latest Android technology and the fastest communication mechanisms to perform transactions within a few seconds.
According to the industry sources, linked to Magnati’s Payment as a Platform offering, the latest Android POS devices converge card payments; new payment methods; including domestic and international digital wallets, loyalty programs and QR solutions; and value-added services such as buy-now-pay-later and easy-installment plans, in addition to Magnati’s Super Surprises, which is an AI-based data monetization solution that generates customized offers for customers.
OMA Emirates claims that it has been consistently working on providing advanced and specialized services to the banking and finance industry in the Middle East. Over the past few years, the number of solutions that have been added to the portfolio has ensured increased opportunities within other business sectors including retail, transport, oil, and gas as well as entertainment and hospitality.
According to the firms’ statement, the devices are also designed for other value-added services facilitated by features like QR Code scanning, dual cameras, NFC-enabled readers, GPS, Bluetooth, and 3G/4G/WiFi network communication support giving Magnanti’s merchants a variety of payment options. These highly secure devices, which are PCI PTS 5.x certified, are easily integrable with the merchant’s cash register.
Niranj Sangal, Group CEO, OMA Emirates, commenting on the partnership with Magnati stated: “Our solutions enable our clients to simplify payments and deliver a brand promise to Magnati. As an experienced payment service and solution provider, we were in a position to understand their requirements and deliver accordingly.”
Umer Farooq, MD & Head of Payments Platform, Magnati, stated: “Partnering with OMA Group for over six years has enabled us to provide different payment technologies in line with changing consumer and merchant needs. The addition of advanced Android POS terminals to our suite of payment solutions offers a great user experience at the merchant level.”
Mr Farooq further stated: “The development and rollout of the Android payment devices is just the first step in a plan to ensure merchants are well-equipped to deal with new in-store environments and evolving consumer demands. Smart and adaptable payment devices play a key role in our Payment as a Platform solution where our clients will benefit from a future-proofed service with tools that make it easier for them to run and grow their businesses.”
