back Back

Magnati enters payment partnership with Lagardere Travel Retail in MENA

By Delisha Fernandes

December 22, 2023

  • cashless payment
  • Digital Transformation
  • Fintech news
Share

Magnati, Sheikh Shakhbout Medical City, healthcare payments, cards, e-wallets, digital payment, digital transformation, Fintech news, Fintech Abu DhabiMagnati, a Middle East-based payments solutions provider, has partnered with Lagardere Travel Retail to implement a next-generation payment experience.

Through this collaboration, Magnati aims to provide card acceptance services to Lagardere’s network in the UAE, encompassing over 200 acceptance points across Abu Dhabi International Airport and Dubai International (DXB). Moreover, the company has recently expanded its local operations by adding 18 new stores to Terminal A at Abu Dhabi International Airport.

Salim Mahmood Awan, MD & Head of Business Development, Institutional Payment solutions, Magnati said, “As a leading payment company in the MENA region, Magnati is thrilled to collaborate with Lagardere Travel Retail, to enable a seamless payment ecosystem. Magnati is changing the payments landscape by partnering with businesses to provide them the best-in-class payment technologies for a superior customer experience. Solutions offered to Lagardere enables increased efficiency and ease of doing transactions for its patrons.”

The cash tills at Lagardere Travel Retail outlets are directly integrated with Magnati’s cashless payment solution, which adheres to strict global security standards providing customers with a seamless, integrated and secure payment experience. The system accepts a diverse range of domestic and international cards and offers a Dynamic Currency Conversion option where customers can easily make payments in their home currencies using their cards.

Vadim Motlik, Lagardere Travel Retail UAE, CEO commented “We are delighted to partner with Magnati for this leading payment solution. Given our diverse international customer base, it is paramount for us to offer them a seamless and secure payment experience. We look forward to an ongoing and successful partnership with Magnati.”

The Magnati and Lagardere Travel Retail partnership underpins both companies shared drive to provide smart initiatives and secure payment solutions for consumers whilst enhancing the purchasing experience.

Previous Article

December 22, 2023

Basata launches new e-payment services to boost financial inclusion in Egypt

Read More
Next Article

December 22, 2023

First Bank set to leverage Backbase’s Engagement Banking Platform

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

cashless payment

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Enfuce receives e-money licence to boost UK expansion

Read More

Today

Mastercard & MTN Group Fintech to bolster mobile payment services in Africa

Read More

Today

UAE FinTech Alaan brings Apple Pay to customers

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023