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Niranj Sangal

OMA develops key payment applications

Sharjah, April 8, 2013

OMA Emirates, a provider of technologies for the payment industry, has developed several key applications for payment terminals to address the ongoing end-user market requirements.

These include a leading solution for Dynamic Currency Conversion (DCC), an application designed to provide transaction details in both the local currency and currency of the cardholder.

The DCC application on terminals provides a convenient and transparent billing option for international card holders to make bill payments in local currency or in the home currency of the card holder.

The terminals provide currency conversion for the purchase amount at the applicable exchange rate during the time of purchase. This provides the card holder with the cost of purchase in a familiar currency.

Simultaneously the application also enables payment by installment which allows customers to convert purchases into EMI schemes directly on the payment terminal. Going beyond these solutions, the new payment terminal application also permits payment of utility bills, purchase of mobile top-up, Loyalty on payment terminals, etc.

“The newer and sophisticated payment terminals reaching the market are equipped with multiple interface options such as touch and voice response and OMA Emirates continues to develop customized applications to suit the current needs and trends of the payment industry,” said Niranj Sangal, Group CEO, OMA Emirates – Solution Gulf.

“These solutions have a direct impact on end-users seeking to save time and for banks to improve customer loyalty.”

With the increasing use of iPhone, Android and Windows devices and the demand for solutions on a cross platform, OMA Emirates is capable of providing timely and appropriate solutions to meet market requirements, Sangal said.

The applications developed by the company support both legacy and Telium platforms and are built to work on countertop as well as mobile terminals. The integration of contactless features on the terminals provides added advantage of supporting “tap-and-go” transactions.

OMA Emirates payment solutions not only address countertop and mobile devices for the banking and retail sector, but also address payment needs for the aviation industry to facilitate in-flight purchases, Sangal highlighted.

These solutions enable the airlines to ensure the card authorization is completed well before the flight lands and reduces the levels of payment fraud during in-flight transactions, he added. – TradeArabia News Service




Tags: Sharjah | currency conversion | OMA Emirates |

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