Trust Smart Solutions enters new partnership with Payscript

By Leandra Monteiro

Trust Smart Solutions (TSS), a provider of payment technology and services in Middle East and North Africa join hands with Payscript, to enable the Crypto Payment Acceptance on Point of Sales Terminals.

Payscript Platform allows users to do crypto payment by different channels including sending and receiving payments, accepting payments on E-commerce stores and online websites, as well as physical Point-Of-Sale transactions in Retails Stores and Cafes.

The platform will be delivered in a Platform-as-a-Service (PaaS) model in TSS’ operating markets, which brings an element of efficiency and scalability to banks that participate in the platform ecosystem. The platform comes with a core focus to accelerate the adoption of Crypto Payments, providing the platform to bank/Financial Institution and Merchants as an alternative payment channel and additional revenue streams.

This Tie-up will not only expedite intersectional user adoption between those seeking crypto payment solutions, but it will also open opportunities for a host of new offerings.

Crypto payments adoption has seen a rapid growth in MENA in the last one year, with a plethora of offerings introduced in MENA markets. Entrance of new crypto exchanges in MENA region and major interest shown by various corporates in Crypto and Metaverse economy drives TSS and Payscript to come jointly in the market and provide a platform for smooth adoption of new emerging economy and provide the solutions to banks/financial institution to become key enabler.

Tamim Halawani, Deputy General Manager of Trust Smart Solutions commented, “Crypto is at the forefront of payment innovation globally, addressing high-impact use cases across the merchant-consumer ecosystem. We firmly believe that our partnership with Payscript will democratize access to the crypto universe and drive seamless adoption across various payment channels”.

Nadeem Shaikh, CEO of Payscript said, “Cryptography is going to be the future of money, whether it’s Bitcoin or Stable Coin or Central Bank Digital Currencies (CBDCs) still needs to be seen but it’s inevitable. Crypto provides a better, transparent, secure framework for managing money. Our partnership with Trust Smart Solutions will enable merchants across Middle East and North Africa to accept crypto payments on the point-of-sale terminals directly in addition to cards! Isn’t that amazing? I am super excited about the partnership and the opportunities lying ahead”.