Mawarid Finance has announced the launch of smart Point-of-Sale (POS) terminals for digital payments, in collaboration with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa. These cutting-edge POS terminals will now be available across retail outlets, stores, malls, and service providers, enabling merchants to accept seamless digital payments using all major credit and debit cards, as well as various digital wallets, delivering a faster, safer, and more convenient checkout experience for customers.
Mr. Rashid AlQubaisi, Chief Executive Officer of Mawarid Finance, stated: “As the financial landscape continues to evolve, Mawarid Finance remains committed to staying ahead of market trends and customer expectations. Our strategic partnership with AFS reflects this commitment and enables us to introduce exclusive, innovative solutions to the market. The launch of smart POS devices is a key milestone, empowering merchants with smarter sales tools and giving customers a seamless, secure, and flexible payment experience locally.”
Mr. Samer Soliman, Chief Executive Officer of AFS, added: “We’re proud to partner with Mawarid Finance to introduce co-branded POS devices to the UAE market—a move that reinforces our shared focus on innovation and merchant and customer-centric solutions. These smart POS terminals are designed to enhance merchant sales while offering a smooth and efficient checkout experience through broad acceptance of digital wallets and credit and debit cards.”
This collaboration marks a significant step forward in advancing digital payment innovation in the UAE, reinforcing the shared vision of both AFS and Mawarid to deliver faster, smarter, and more inclusive payment solutions for the market.
