Kippreport looks into the new trend and the change in strategyNovember 29, 2015 5:01
OMA Emirates develops key applications for payment terminals
Dynamic Currency Conversion solution a boost for international card holders
in the Middle East
April 9, 2013 2:06 by anila
Sharjah, UAE, April 09, 2013: OMA Emirates, a provider of cutting edge technology for the payment industry has developed several key applications for payment terminals to address the ongoing end-user market requirements. These include a leading solution for Dynamic Currency Conversion (DCC), an application designed to provide transaction details in both the local currency and currency of the cardholder.
The DCC application on terminals provides a convenient and transparent billing option for international card holders to make bill payments in local currency or in the home currency of the card holder. The terminals provide currency conversion for the purchase amount at the applicable exchange rate during the time of purchase. This provides the card holder with the cost of purchase in a familiar currency.
Simultaneously the application also enables payment by installment which allows customers to convert purchases into EMI schemes directly on the payment terminal. Going beyond these solutions, the new payment terminal application also permits payment of utility bills, purchase of mobile top-up, Loyalty on payment terminals, etc. These solutions provide customers the opportunity to improve end-user experience by launching additional services on various channels.
“The newer and sophisticated payment terminals reaching the market are equipped with multiple interface options such as touch and voice response and OMA Emirates continues to develop customized applications to suit the current needs and trends of the payment industry. These solutions have a direct impact on end-users seeking to save time and for banks to improve customer loyalty.” said Niranj Sangal, Group CEO, OMA Emirates – Solution Gulf.
With the increasing use of iPhone, Android and Windows devices and the demand for solutions on a cross platform, OMA Emirates is capable of providing timely and appropriate solutions to meet market requirements. The applications developed by the company support both legacy and Telium platforms and are built to work on countertop as well as mobile terminals. The integration of contactless features on the terminals provides added advantage of supporting “tap-and-go” transactions.
OMA Emirates payment solutions not only address countertop and mobile devices for the banking and retail sector, but also address payment needs for the aviation industry to facilitate in-flight purchases. These solutions enable the airlines to ensure the card authorization is completed well before the flight lands and reduces the levels of payment fraud during in-flight transactions.
As a master distributor for payment terminals in the Middle East, OMA Emirates supplies and installs payment terminals and offers complete infrastructure for end-to-end implementation. It includes network aggregators, network management solutions and terminal management systems which in turn connect to the Switch application provided by OMA Emirates.
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For further information, contact:
OMA Emirates-Solution Gulf (Ingenico)
Tel: +971 6 573 0000
Fax: +971 6 573 6500
Email: [email protected]
About OMA Emirates-Solution Gulf
OMA Emirates-Solution Gulf is a leading service provider in the Middle East to the payment industry providing cutting edge technology solutions in the area of card personalization, payment issuance and payment acquiring systems through a global delivery platform. The company aims to help businesses achieve the highest efficiency levels possible by drawing on extensive and thorough research as well as hand-on experience with a large profile of high-performance businesses. OMA Emirates-Solution Gulf services together with the strategic partnerships with leading world-class technology partners have been designed to provide clients with a seamless customer experience throughout the interaction process.
For further press information, please contact:
OAK Consulting FZC
Email: [email protected]
Mob: +971 50 781 8568