The OMA Emirates, a financial technology, and payment solutions announced the introduction of MobiSwipe in international markets.
With the immense success and increasing popularity in India, OMA Emirates aims to make MobiSwipe the next best solution after the PoS globally. At Present MobiSwipe is only available in India but now they are venturing into the Indian subcontinent, including Sri Lanka, Bangladesh, Nepal and Bhutan, South East Asian markets of Myanmar, Vietnam, Indonesia, and Cambodia, Middle East and the North African regions as well.
MobiSwipe comes along with a pocket sized card reader and allows merchants and businesses to accept credit and debit card payments via a simple mobile application. And it provides an innovative, convenient and economical payment option to a wide range of businesses by simply connecting the card reader to the MobiSwipe mobile application. It is compatible with Swipe and Chip cards and is PCI-DSS and PA-DSS compliant. The OMA Emirates will deploy the solution directly in addition to channel partners and banks.
Niranj Sangal, CEO OMA Emirates Group said, “The successful performance of MobiSwipe in India is definitely a channel to moving ahead with our plans to market the solution globally. We are confident that the mPoS will add value to businesses in the countries we are launching in. The first phase of the launch, we are targeting the deployment of around 50,000 terminals across these markets. Simultaneously, we are in the process of developing the mPoS to become compatible for payments made with QR Code, Samsung Pay and Apple Pay. The mPoS is a part of OMA Emirates Mobility series, is simple to use and this development will make it an all-in-one and go-to mPoS solution for any business unit.”
MobiSwipe was launched in 2011 and was acquired by OMA Emirates Group in early 2017.