Al-Futtaim Group and tap payments sign GCC payments deal

Al-Futtaim Group and tap payments sign GCC payments deal

DUBAI: Tap Payments and Al-Futtaim Group announced today the signing of a deal to power online payments for their brands across the Middle East. Ahmed Alaradi, Group EVP of Business, and Jamie Verheij, Director of Merchant Acceptance, Tap Payments signed a milestone agreement with Himanshu Shrivastava, Chief Technology Officer and Paul Carey, EVP Cards & Payments, from Al-Futtaim Group to support the growth for Al-Futtaim’s brands online across the GCC. Key brands that will be powered by this partnership include B&Q, Watsons and Al-Futtaim’s signature lifestyle rewards platform, Blue Rewards.

Tap Payments has helped secure billions of transactions for customers worldwide and currently supports over 100,000 businesses of all sizes, including many household names. Due to issues like inadequate digital payment infrastructure and services, underbanked customer and merchant groups, and a cultural preference for cash, only around a third of retail payment transactions are made online. However, new legislative and regulatory initiatives as well as the introduction of new local, regional, and international payment providers are driving change. Additionally, the COVID-19 pandemic has sparked an increase in digital use and a shift away from cash. By offering cutting-edge, tech-driven payment systems that adhere to international payment industry standards, Tap Payments offers