KeyBS, a leading technology provider for financial institutions, reached 200 locations including 150 kiosk machines and 50 other terminals in the UAE, and 565 locations all over GCC during the fourth quarter of the year.

Across its network, KeyBS, member of Arabi Holding Group KSC, offers more than 15 services in 10 different languages, a statement said.

The company is looking to reach around 880 locations in the emirates and GCC by first half of 2015, said Ibrahim Darraz, managing director, KeyBS, noting that the demand for digitalized automated transactions in the emirates is fuelling this extensive growth.

"It is indeed a very significant milestone and we are extremely pleased with our progress so far. To reach 200 locations in the UAE in such a short span of time demonstrates the quality of our products and services,” said Darraz.

“Along this success, the company increased its turnover comparing 2013 and 2014 by 800 per cent and our transaction number increased by 1250 per cent. This successful story in UAE opened for the company opportunities in three other leading markets in GCC namely Saudi Arabia, Qatar, and Bahrain.

“The market is expanding at a rapid pace and therefore holds massive potential. Industry research shows that over the next five years more than two-thirds of customers are likely to be using automated machines. With our seamless and secure solutions KeyBS is well placed to take advantage of those upcoming opportunities,” Darraz added.

Darraz continued: "We are looking to expand our network of machines by mid 2015 to reach 880 locations. The UAE is fast becoming one of the world's most technologically advanced countries and the banking and finance industry is at the forefront of this change.”

“Having established ourselves as a highly reputed and reliable company in the industry, we are ready for new challenges and confident of keeping pace with this growing demand,” he concluded.

KeyBS provides advanced automated, kiosk, point of sale (POS), Web portal and mobile technology systems and services for remittance transactions and bill payments as well as customised software and hardware, according to the statement. – TradeArabia News Service