Bahrain-based telecommunications company, Stc Bahrain has partnered with the leading provider of electronic payments outsourcing services in the MENA region, Arab Financial Services (AFS) to launch next-generation fintech payment solutions that will support both retail SMEs and customers across the Kingdom.
According to the company statement, Stc Bahrain will utilize state-of-the-art AFS payment tools to introduce the fully integrated all-in-one stc Tajer PoS solution for retail businesses and SMEs.
The stc Tajer PoS solution, powered by AFS, offers the flexibility to process payments, print receipts, accept online orders, handle point of sale applications, delivery, and e-wallets while reducing infrastructure investments, minimizing human errors, and making it easier for clients to transact digitally and seamlessly.
According to the company, thousands of new merchants will now be enabled with QR contactless payments and added to the stc pay portfolio while stc pay subscribers can now easily and securely pay at any AFS PoS terminal.
“We are pleased to partner with AFS, enabling us to drive technology innovation and support Bahrain’s business sector and the community at large. Our partnership will widen the scope for us to achieve the desired growth and development while providing the opportunity to expand the scope of our digital financial transaction by providing integrated financial services. On the macro level, this partnership will enhance economic digitalization and transform the way businesses conduct their operations, and the local community engages in contactless services for their varied needs.”
Mr. Samer Soliman, CEO at AFS said, “stc Tajer PoS solution, powered by AFS, will eliminate the need for SMEs to handle multiple suppliers and hardware. With this partnership, we are streamlining merchant supply chains and giving them the technical solutions to accelerate and grow their business. Another level of this partnership will see AFS become the first acquirer in Bahrain to offer stc pay acceptance via our network of state-of-the-art PoS terminals.”
“This will further support our merchants in conducting greater transactions and catering to the stc pay customer base. Joining forces with Stc Bahrain is the first step in demonstrating our approach towards innovation and collaboration to better serve our customers with smart tools that enhance everyday transactions,” he further added.
As the first integrated PoS terminals in Bahrain, AFS world-class payment acceptance solutions will offer merchants and consumers access to many value-added benefits including acceptance of all major card schemes, multi-lane integration for hypermarkets, dynamic currency conversion, loyalty programs, easy payment plans, analytics, bill payment, and merchant lending.