News
OMA Emirates Set to Expand Payment Solution Portfolio with New Investment in MobiSwipe in India
January 2017 by Marc Jacob
OMA Emirates, a provider of cutting edge technology solutions for the payment industry announced its investment into India based MobiSwipe, a company that specializes in Mobile Point of Sale (mPOS) solutions. The new acquisition will help in broadening the services and solutions that OMA Emirates will now offer in the Middle East, Eastern Europe and the APAC regions. The solution enables merchants to accept both credit and debit card payments via a simple mobile application and provides an innovative, convenient and economical payment option to a wide range of business sectors.
The mPOS solutions which is PCI-DSS and PA-DSS compliant is highly secure with payments accepted anywhere and anytime by using an Android smartphone or tablet that is loaded with the MobiSwipe application that is connected to an EMV certified pocket-size card reader. The solution runs on robust Ingenico payment terminals which are clearly supported by mPOS applications. While being extremely secure devices, the certified terminals offers the convenience of portable payment acceptance that makes it easier to use, and also has the added advantage of being equipped with high power battery back-up.
The MobiSwipe mPOS and mPAY gets seamlessly integrated with the merchants existing POS backup database to retrieve and validate invoice details and enables instant activation of the service for each transaction while simultaneously connecting with the bank SWITCH to authenticate and authorize each transaction. It provides a range of benefits including an easy on-boarding process with simple pricing and inventory management. Besides, it does not call for new bank accounts and provides mobile and web analytics that is made available on a tablet POS. Moreover, it helps in boosting merchants’ revenues and enables customers to use the application for bill payments.
OMA Emirates has been associated with merchant business for over 15 years in Middle East in Qatar, Oman, and Bahrain and has deployed more than 80,000 Ingenico POS terminals with their partner banks and acquirers. OMA Emirates is also the technology distributor for Ingenico products in the Middle East. With investments in Serbia, Morocco, and India, the company has now expanded its business reach into Africa, Eastern Europe and APAC regions.
