Qatar Central Bank highlights value and volume of point-of-sale and e-commerce transactions last month
Point of Sale (POS)
Latest in Point of Sale (POS)
astra tech
Astra Tech’s PayBy launches POS device with built-in QR code, payment link generation
The company said its advanced POS technology supports a full range of payment systems, including banks, bank cards, Alipay Plus, WeChat, Potem digital wallets, Apple Pay, Google Pay, Samsung Pay, and NFC payments
cashless payment
E-commerce spend rate in UAE surges post-pandemic; posts twice that of POS spend in Jan-March
According to the latest Network International report, the rise in online spending – both debit card and credit card transactions – was led by digital payments in the government sector, followed by restaurants, supermarkets and convenience stores
Abdulaziz Al Afaleq
Saudi Arabia’s contactless payments reach 95 percent of total POS transactions, $126bn for 2021
Kingdom ranked number one in MENA for NFC payments adoption, followed by the UAE and Kuwait, in 2020 Visa study
ATM
Bank AlJazira partners with Japan’s JCB International to enhance Saudi Arabia’s payments landscape
The partnership aligns with Saudi Payments’ efforts to introduce advanced payment services and features across the kingdom
business funding
UAE’s first store management platform Dukkantek secures $5.2 million funding in its seed round
The cloud-hosted software allows business owners to keep track of transactions, monitor sales, calculate VAT, generate reports, and calculate profit margin. Additionally, its cloud inventory management (IM) helps track stock, manage stock value, organise the inventory, manage fast-moving products, and generate reports for analysis
