As part of the collaboration, Geidea will provide Nayifat’s customers with a full suite of POS solutions. This will enable merchants with the ability to accept payments via many methods, including contactless cards and wearable devices through Geidea’s POS terminals and Tap-on-Phone solutions.

Additionally, merchants will be benefit from a simplified repayments solution through Geidea’s POS terminals. Going forward with the initiative, merchants will be able to allocate payments towards utilities such as their rent or maintenance of their offices, through Point-of-Sale terminals by automatically setting aside a percentage or amount of monthly revenue towards their payment obligations. The solution thus automates the entire process, making it seamless and secure.

Nayifat’s officials stated that this partnership will enable them to offer their SME customers with an augmented experience whenever they make payments. The Point-of-Sale financing product is set to satisfy business needs allowing companies to streamline cash flows and finances, which is the key driver for Nayifat as they go an extra mile to raise the bar for structured finance product offering, to continuously support SMEs in line with the 2030 vision.

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professionals in the global payment community. The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about latest developments in the industry.

tp: news tp: research tp: events

The Paypers Prinsengracht 777e 1017 JZ Amsterdam The Netherlands

© 2022 The Paypers BV. All rights reserved. No part of this site can be reproduced without explicit permission of The Paypers(V2.7).

Privacy Policy Cookie Statement Terms and Conditions