ABANA Enterprises Group Co. has been appointed as Saudi Arabia distributor for PoS solutions specialist Spire Payments.
Under the new agreement, ABANA will offer Spire's state-of-the-art point of sale (POS) payment solutions to its current and future customers.
Spire said that ABANA is perfectly positioned as a partner, thanks to its expertise and support strength. ABANA has over 700+ field engineers and support staff, 21 service centres, four major repair centres, and single-point-of-contact 24/7 help desk in the Kingdom. The company also holds ISO 9001, ISO 22301, and ISO 27001 certifications.
ABANA will initially offer traditional POS solutions, including end points, bespoke applications, asset management platforms, key management infrastructure, field support, help desk and repair facilities. In the future, technologies such as Spire's mPOS and SmartPOS solutions will be added to the company's portfolio. Ultimately ABANA aims to become Saudi's preferred provider of choice for face-to-face payments solutions for banks, large retailers, petroleum outlets, and other large organisations.
TK Cheung, President of Spire Payments, said: "I'm delighted to welcome ABANA as a distributor for Spire Payments. The Middle East has always been central to our geographic expansion plans and now Saudi Arabia can become a key market for us. ABANA offers the perfect synergy to our solutions with their significant expertise and capability. We look forward to a long and fruitful future in the Kingdom."
Amr Abdulaziz Al Amr, Deputy CEO and Chief Business Officer, added: "ABANA has made the strategic decision to enter the POS market to complement our offering of banking and ATM solutions and in support of Saudi Arabia's 2030 vision. This diversification is a natural progression for our business as we continue to offer our customer base an ever-increasing range of best-in-class solutions and services. The traditional POS products will be available in Q4 this year which perfectly complements the Central Bank's drive to reduce reliance on cash within our market. This will be soon followed by the introduction of Spire's mPOS and SmartPOS solutions to allow banks, retailers, and customers alike to take full advantage of the latest developments in payments."