OMA Emirates launches payment terminal solutions

Currency conversion said to be ‘boost’ for international card holders in ME

Tags: OMA Emirates ( Arab Emirates
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OMA Emirates launches payment terminal solutions Sangal: [We continue] to develop customised applications to suit the needs of the payment industry.
By  Stephen McBride Published  April 8, 2013

Payment industry solutions provider OMA Emirates today announced it has developed several applications for payment terminals in an attempt to address ongoing end-user market requirements.

The applications include a solution for dynamic currency conversion (DCC) designed to provide transaction details in both the local currency and currency of the cardholder.

The DCC application on terminals provides the 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 at the time of purchase.

The application also enables payment by installment, which allows customers to convert purchases into EMI schemes directly on the payment terminal. Further capabilities include payment of utility bills and purchase of mobile top-up. 

"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 customised 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."

According to OMA Emirates, the applications 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 enables "tap-and-go" transactions.

OMA Emirates said its 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. These solutions are designed to enable the airlines to ensure the card authorisation is completed before the flight lands and reduce the levels of payment fraud during in-flight transactions.

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