logo
Deliverect, Paymob enhance Mideast restaurant payments

Deliverect, Paymob enhance Mideast restaurant payments

Zawyaa day ago
Deliverect, a global ecosystem of on and off-premise solutions that empowers restaurants and retailers to sell anywhere and deliver everywhere, has partnered with Paymob, MENA's leading financial services enabler.
This collaboration sees Paymob listed on Deliverect Pay, enabling all restaurants in the Middle East to accept and process transactions seamlessly.
With Paymob now integrated with Deliverect Pay, it will enable restaurants to use its payment gateway system for online orders on Deliverect Direct. Restaurants can benefit from its embedded payment experiences, enjoy swift access to their funds, higher acceptance rates, and receive dedicated account management support. Food and beverage outlets will also have free daily settlement for the first three months along with preferential pricing.
Additionally, customers and restaurants can also take advantage of multiple payment options including card, bespoke digital wallets and 'Buy Now, Pay Later' (BNPL) services.
The strategic partnership is part of Deliverect's ongoing efforts to strengthen and elevate its payments ecosystem, delivering enhanced convenience for both outlets and consumers. This collaboration is also the first step of enhancing customers' experience for both organisations with potential plans to integrate Paymob on Deliverect's smart digital kiosks at all restaurants.
Naji Haddad, Vice President of EMEA at Deliverect, said: 'We are delighted to partner with Paymob, which has established itself as one of the leading financial service enablers in the MENA region. This collaboration is of huge significance as it represents the start of an exciting journey, adding Paymob to the array of payment options available on Deliverect.
'By expanding our ecosystem with the addition of Paymob, restaurants can benefit greatly from seamless operations, giving them swift and easy access to funds of each order that will help them grow and scale their businesses with greater efficiency. More importantly, it increases our offerings of more in-store and off-store payments, providing ease for customers and restaurants.'
Islam Shawky, Co-founder and Chief Executive Officer at Paymob, said: 'Since its founding in 2015, We have made significant strides in positioning Paymob as a leader in financial services across industries. Our partnership with Deliverect further strengthens this position, adding to the growing list of businesses we work with to power F&B transactions industry in the region.
'Paymob has been carefully designed to ensure our payment infrastructure meets the needs of merchants, providing ease and accessibility. This empowers digital finance and allows us to expand our reach through our partnership with Deliverect by attracting new audiences.' -TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Recall alert: Why Saudi pulled over 88,000 Anker power banks
Recall alert: Why Saudi pulled over 88,000 Anker power banks

Gulf Business

time10 minutes ago

  • Gulf Business

Recall alert: Why Saudi pulled over 88,000 Anker power banks

Image credit: Defective Products Recall Center/Saudi Ministry of Commerce Saudi Arabia's Ministry of Commerce has announced the recall of more than 88,000 Anker power banks due to a serious safety concern. The affected power banks, spanning five different models, may suffer from an internal electrical short circuit that could cause overheating and increase the risk of fire, a Read- A total of 88,518 units are impacted by the recall, covering the following Anker power bank models: A1257 (Anker Power Bank 10K, 22.5W) A1681 (Anker Zolo Power Bank 20K, 30W, Built-in USB-C and Lightning Cable) A1689 (Anker Zolo Power Bank 20K, 30W, Built-in USB-C Cable) A1647 (Anker Power Bank 20,000mAh, 22.5W, Built-in USB-C Cable) A1652 (MagGo Power Bank 10,000mAh, 7.5W, Stand) The ministry urged all consumers to immediately stop using any of the affected products and to contact Anker to arrange for a replacement or full refund. Risk of fire identified According to the ministry, The ministry emphasised its ongoing commitment to monitoring consumer products and taking swift action when safety risks are identified. How to check your device Consumers who own an Anker power bank are encouraged to check the model number located on the bottom or side of the device. If the model matches one of the recalled units, users should proceed to verify the serial number or submit proof of purchase through Anker's Additionally, consumers can consult the Customers can also reach Anker's toll-free hotline at 800-850-0030 to begin the recall process. Steps for consumers If your power bank is confirmed to be part of the recall: Stop using the device immediately. Do not dispose of it until confirmation is received from Anker. Complete the Recall Claim form on Anker's website. Follow instructions for receiving a replacement product or refund. Disposal instructions Once Anker confirms that your unit qualifies for the recall, the company will arrange for the pickup or shipment of the recalled product. Consumers are urged not to dispose of recalled batteries in regular trash, household recycling bins, or battery drop-off boxes at retail locations, as these facilities are not equipped to handle defective lithium-ion products. Recalled batteries must be processed by certified facilities due to the elevated fire risk.

Are you ready for the new financial ecosystem taking over the world?
Are you ready for the new financial ecosystem taking over the world?

Khaleej Times

time17 minutes ago

  • Khaleej Times

Are you ready for the new financial ecosystem taking over the world?

Sometimes‭, ‬I feel like I'm living in a parallel universe‭.‬ I've been learning about crypto since 2017‭ ‬and investing in it for the past two years‭. ‬And until last December‭, ‬I'd met almost no one who really understood what was going on in this space‭ ‬—‭ ‬let alone anyone who was actually in it‭.‬ That changed at the Bitcoin MENA conference last year‭, ‬my first such event‭, ‬where I found my people‭. ‬Speaker after speaker echoed what I'd been sensing‭, ‬but still wasn't sure about‭: ‬that a new undeniable and unstoppable financial ecosystem is emerging‭. ‬All while the majority of people remain oblivious‭. ‬ I get it‭. ‬I've been here before‭. ‬In the late 1990s‭, ‬I took a basic weekend HTML coding course back in Canada‭. ‬No one in my circle was doing‭ ‬anything like that‭, ‬and I wondered if I was a bit crazy‭ ‬—‭ ‬but if I was‭, ‬then my fun fellow classmates were‭, ‬too‭. ‬I didn't pursue HTML‭, ‬and regrettably didn't invest in any web projects‭, ‬but I left with enough of a clue to understand what was happening a few years later as newsrooms started going digital‭.‬ It's a situation that feels very familiar now‭. ‬And everywhere I look‭, ‬daily‭, ‬there are signs of a paradigm shift‭.‬ The meme that made me laugh out loud this week featured a sketch of a guy on an old-school phone‭, ‬saying‭: ‬'I'd like a wake-up call‭.‬'‭ ‬Underneath‭, ‬a woman replies‭: ‬'There's only ever going to be 21‭ ‬million Bitcoin‭.‬'‭ ‬That's it‭. ‬That's whole joke‭. ‬It's brilliant‭. ‬Too bad there's no one around for me to show it to‭.‬ The use cases for Bitcoin and the range of tokens go far beyond buying low and selling high‭. ‬The US Federal Housing Finance Agency just announced that crypto can now count as a borrower asset in mortgage applications‭ ‬—‭ ‬as long as it's held on a regulated US exchange‭. ‬That means you might soon be able to use Bitcoin as collateral to buy a house‭. ‬ This signals trust in crypto‭ ‬—‭ ‬and in the exchanges that hold it‭. ‬The best of them may become banks in their own right‭, ‬just not the kind we're used to‭.‬ Institutional investment is flooding in‭. ‬In April‭, ‬major US firm Cantor Fitzgerald announced a‭ $‬3.6‭ ‬billion‭ (‬Dh13.2‭ ‬billion‭) ‬crypto venture with Tether and SoftBank‭, ‬based on the way Michael Saylor's company Strategy acquires Bitcoin for investors using traditional financial tools‭.‬ Strategic asset More and more traditional financial analysts and CEOs are starting to describe Bitcoin as a long-term strategic asset‭. ‬Even with‭ ‬the recent geopolitical tension‭, ‬which would have sent it crashing in the past‭, ‬Bitcoin dipped briefly below‭ $‬100,000‭ (‬Dh367,300‭) ‬—‭ ‬before becoming poised for a new all-time high‭.‬ What's happening right now is that the global financial system is moving on-chain‭. ‬Crypto isn't fringe anymore‭ ‬—‭ ‬it's foundational‭.‬ In the UAE you can now pay for your taxi fare in AE Coin‭ (‬AEC‭), ‬a regulated stablecoin backed by the dirham‭. ‬The Dubai Department of Finance has partnered with to allow people to pay for government services with digital currencies‭. ‬Here in the UAE‭, ‬blockchain events regularly draw huge crowds‭. ‬The country is known for being a global crypto hub‭ ‬—‭ ‬one that is years ahead in both infrastructure‭ ‬ and regulation‭.‬ This is how adoption works‭ ‬—‭ ‬bit by bit‭, ‬until one day it's everywhere‭.‬ In the US‭, ‬the Senate recently passed the Genius Act‭, ‬a bipartisan bill creating a regulatory framework for stablecoins‭. ‬Trump called it‭ ‬'pure genius'‭, ‬saying it would make America the leader in digital assets‭.‬ There is a huge runway for stablecoins‭, ‬which serve as a bridge between the traditional and digital financial worlds‭. ‬As Citi reported recently‭, ‬the stablecoin market could hit‭ $‬3.7‭ ‬trillion‭ (‬Dh13‭ ‬trillion‭) ‬by 2030‭. ‬To put that in perspective‭, ‬the total crypto market cap as of now is about‭ $‬3.45‭ ‬trillion‭ (‬Dh12‭ ‬trillion‭).‬ The biggest players‭? ‬Circle‭ (‬which issues USDC‭) ‬and Tether‭ (‬issues USDT‭), ‬which are quietly evolving into some of the largest financial firms on the planet‭. ‬ Across the globe‭, ‬momentum is building in other areas too‭. ‬In just a smattering of signs‭: ‬Bhutan is now the world's third-largest Bitcoin holder‭. ‬Coinbase is buying BTC weekly‭. ‬Ethereum ETFs are setting records and one month after Coinbase joined the S&P 500‭; ‬on‭ ‬the index that tracks the 500‭ ‬largest publicly traded US companies‭, ‬it was the top performer‭.‬ In seven years‭, ‬I've watched crypto go from being dismissed as a scam to all of the above‭. ‬And still‭, ‬most people don't know about it‭ ‬—‭ ‬and don't seem to want to‭.‬ If you're still reading‭, ‬congratulations‭. ‬You've answered your wake-up call‭. ‬You're in the smart money minority‭. ‬And lucky for you‭, ‬this is really just getting started‭. ‬ ‭ ‬ KT Luxe

Saudi e-commerce sales via Mada cards hit record $18.5bn in Q1
Saudi e-commerce sales via Mada cards hit record $18.5bn in Q1

Arabian Business

time26 minutes ago

  • Arabian Business

Saudi e-commerce sales via Mada cards hit record $18.5bn in Q1

E-commerce in Saudi Arabia continues its explosive growth, with online sales via Mada cards reaching a record SAR69.3bn ($18.5bn) in the first quarter of 2025—marking a 56 per cent year-on-year increase. According to the Saudi Central Bank's May bulletin, the Q1 figure represents a SR24.9bn ($6.6bn) rise from the SR44.4bn ($11.9bn) recorded in the same period of 2024. The number of transactions also soared, surpassing 370m in just three months. E-commerce in Saudi Arabia On a quarterly basis, sales climbed 26 per cent compared to the fourth quarter of 2024, which recorded SR55.2bn ($14.7bn), reflecting growing consumer confidence and a continued shift toward digital retail. In May alone, e-commerce sales reached SR27.4bn ($7.3bn), an 18 per cent increase from April's SR23.3bn ($6.2bn). The number of transactions exceeded 147m for the month. Cumulatively, from January to May 2025, the data revealed a 31.3 per cent increase in sales volume, rising by SR6.5bn ($1.7bn)—from SR20.9bn ($5.6bn) in January to SR27.4bn ($7.3bn) in May. The record figures underscore the Kingdom's rapid digital transformation, supported by widespread internet penetration, government initiatives to boost fintech adoption, and a strong retail sector.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store