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New partnership delivers a fully integrated suite of payments solutions for hospitality businesses, further expanding Planet’s market presence across the Middle East.
Planet, a leading global provider of integrated payments and technology services, has announced a new hospitality payments partnership with Arab Financial Services (AFS), a premier digital payment solutions provider and fintech enabler across the Middle East and Africa.
The partnership will deliver a fully integrated suite of payments solution for merchants across Bahrain, combining Planet’s payment gateway and currency conversion services with the capabilities and deep expertise AFS brings across card issuing, processing, acquiring and POS solutions, for a superior hotel guest payment experience.
Joining forces with Planet better equips AFS to win new merchants for acquiring services and enhance the relationship with existing customers. This is thanks to the addition of currency conversion services which allows merchants to provide guests with the ability to pay in their own currency and generate more revenue from payments.
Planet and AFS will start rolling out the joint offering first in Bahrain, with the potential to expand the rollout to Oman, the United Arab Emirates (UAE) and Egypt.
Samer Soliman, Chief Executive Officer (CEO), Arab Financial Services, said, “We chose to partner with Planet because of their strong local market knowledge, and the quality of their hospitality payments offering. The partnership builds on the longstanding relationship we have, and we’re looking forward to working with Planet for the benefit of our merchant customers and hotel guests.”
Colin Close, Chief Commercial Officer (CCO), Planet, said, “We’re privileged to be partnering with Arab Financial Services. We have a long-established presence as a leading payments provider across the Middle East and this extension of our collaboration will allow us to further expand our hospitality payments solutions across the region.”
About Planet
Planet is a leading global provider of integrated technology and payments solutions for retail and hospitality customers. We create great experiences for the millions of people who use our payments, software, and tax-free solutions every minute of every day.
Planet empowers its customers to deliver great customer experiences by combining payments and software in ways that drive greater loyalty, increase revenue and save time.
Founded over 35 years ago and with our headquarters in London, today we have more than 2,500 employees located across six continents serving our customers in more than 120 markets.
About Arab Financial Services
Arab Financial Services (AFS) provides numerous ground-breaking end-to-end digital payment products, services and solutions to banks and businesses. These include card processing services, merchant acquiring, fintech solutions and value-added services.
Regulated by the Central Bank of Bahrain and licensed by the Central Bank of Egypt and the Central Bank of UAE, AFS is owned by a total of 37 banks and financial institutions and serves over 60 banks in more than 20 countries across the Middle East and Africa region.
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