Quisk and Network International sign deal for DSG-backed payment solution
New payment solution developed by Quisk to be deployed by Network International
Payments technology company Quisk Middle East has signed an agreement with Network International, the leading payment solutions provider in the Middle East and Africa, to deploy an innovative new cashless, cardless and mobile-free payment method.
The next generation solution, led by Dubai Smart Government (DSG) and developed by Quisk, will be deployed by Network International across its points of sale (POS) merchant network in the United Arab Emirates in 2016, enabling people to conduct payment transactions without the use of cash, cards or their mobile phones. The payment service is part of Dubai Smart Government's mission to integrate technology to create innovative solutions that will boost Dubai's overall economic welfare and global competitiveness, while contributing to social progress.
The cloud-based Quisk solution utilises mobile phone numbers and a secured PIN to create and access a digital cash account. The solution does not require smart phones or mobile operator services and can be used for physical and online payments for a wide variety of transactions including retail, government services and bill payments.
Commenting on the new digital payment solution, H.E. Wesam Al Abbas Lootah, CEO of DSG, said: "Signing a strategic partnership contract with Dubai-based Quisk Middle East and Network International to activate a smart payment service channel for individual and corporate retail customers via mobile phone numbers will enhance our corporate vision of establishing a distinctive smart city that offers the world a new and unique model of developing cities. This initiative is in line with the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to speed Dubai's smart transformation, as part of its bid to become the smartest city in the world.
"DSG will carry on its tasks of recruiting skilful staff and harnessing enablers including an advanced smart infrastructure, smart service systems and high-level technical support with the aim of enhancing the performance of smart services to ensure efficient smart transformation and continued creativity and innovation through cooperation between the government and private sectors."
Bhairav Trivedi, CEO, Network International, added, "We are delighted to collaborate with Quisk to make available innovative and convenient payment solutions across our network of POS terminals. This solution heralds a new era of cashless payments across the region, enabling people to conduct transactions anytime and anywhere, in line with Dubai Smart Government's smart transformation initiatives to support Dubai's aspirations. Network International is committed to promoting innovative payment solutions in the UAE as the country consolidates its position as a regional market leader in payment technologies."
"This partnership will re-shape the way people think about making payments," commented Ziad Alshobaki, Managing Director of Quisk Middle East FZ LLC, the newly rebranded name for MOBIbucks. "It signifies next generation of payment types for both in-store and online transactions. It will serve a vast number of users across the region, as Quisk's innovative methods will be combined with Network International's extensive reach, being the first independent vendor to be certified by both Visa and MasterCard for card payments - a significant feat for any payment solutions provider in the Middle East."