Thursday 21, June 2018 by Kudakwashe

Emcredit and ebooc to launch NexGen digital payment POS machines


The underlining objective is to provide a secure and seamless payment experience to clients and customers 


Department of Economic Development (DED)’s Emcredit and ebooc has signed a memorandum of understanding (MoU) to launch a next-generation digital payment Point of Sale (POS) platform for Dubai.

Under the MoU, ebooc, will provide advanced NexGen POS system with bespoke functionality built exclusively for emcredit’s next generation POS payment solution across sectors, providing a decentralised, distributed ledger which creates trust, thereby improving efficiency levels, reported WAM.

"We are delighted to create a strategic partnership with ebooc as it’s one the first Emirati Fintech company using NexGen technology to offer and integrate innovative POS solutions exclusively across the retail merchant network in Dubai, UAE," said Ali Ibrahim, Managing Director of emcredit Limited.


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