National Bank of Abu Dhabi (NBAD) has teamed up with Etisalat, a UAE-based telecoms operator, to launch a mobile point of sale (mPOS) solution to businesses across the UAE.
Dubbed as Mobile Cashier, the new solution allows business customers to accept credit, debit or prepaid card payments efficiently, and mange cash transactions through their mobile phones.
The solution will transform a mobile phone into a portable debit and credit card machine. Using the platform, merchants can accept payments directly on their mobile phones, securely connected to a card reader via bluetooth and also send transaction receipt via SMS or email, merchants can print receipts via a portable printer to customer.
The service has been designed specifically for small and medium businesses as well as businesses that operate outside of retail environments, such as fast food and other types of delivery services.
The solution features a seamlessly integrated reporting module that offers a full portfolio of transactional reports for reconciliation and settlement process.
National Bank of Abu Dhabi CEO Alex Thursby said: "Today customers demand the convenience of being able to make card payments for all their goods and services. Now businesses will be able to address this demand through the "Mobile Cashier" service we are delivering together with Etisalat."