UAE-based Magnati, a regional leader in the payment solution industry, has signed a memorandum of understanding (MoU) with Sapaad in order to provide seamless and integrated F&B payment solutions in the region.
Sapaad is a leading restaurant-tech company that provides cloud-based software and services in the F&B industry.
Under this partnership, Sapaad and Magnati will offer F&B business owners the ability to perform seamless operations and provide a use-case-driven product offering to all types of F&B outlets in the UAE.
According to the statement, “Sapaad currently offers a multi-channel cloud-based restaurant management platform, that their customers (F&B outlets) can access using android and iOS apps, conventional desktops, and browsers to record and process orders.”
“Magnati’s partnership with Sapaad is the latest step in our rapidly accelerating vision of transforming payments into possibilities for our customers across different segments, including the F&B sector. Through the development and application of cutting-edge payment innovations, Magnati is not only enabling better and safer ways for customers to transact but is also offering them the highest levels of convenience. With Magnati’s reach and Sapaad’s segment expertise, we’re offering a powerful one-stop solution to the F&B businesses in the region.”
“In addition, end consumers can also place orders using Sapaad’s self-ordering kiosk and restaurant-branded online ordering system. Magnati and Sapaad power commerce across all these touchpoints via their tech APIs and microservices architecture,” as per the statement.
Sapaad will integrate all of its interaction channels with Magnati’s payment terminals, payment gateway, and Data & VAS engines to process online, offline, pay-by-link, and tap-on-phone transactions with a seamless experience.
Restaurants can also consume Magnati’s campaign management and customer engagement capabilities to reward and delight their customers with efficient marketing budget utilization, as per the company.
Mr. Vishnu Vardhan, Founder & CEO of Sapaad, said that, “Sapaad and Magnati both value customer experience. With this partnership, F&B businesses operating on the Sapaad platform will have the best operational efficiency, fast, secure hassle-free payments, and elegant customer experience through seamlessly integrated Magnati terminals, payment gateways, and other value-added services.”
“Sapaad’s restaurant management system gives merchants the tools to operate and manage their F&B businesses efficiently. At the same time, Magnati provides an intelligent payments platform that monetizes data, using next-generation technology to deliver improved experiences and increased efficiency. Both services offer a powerful one-stop solution to F&B businesses in the region,” Mr. Vardhan added.