First Abu Dhabi Bank Egypt Launches New POS Service to Boost Digital Payments
First Abu Dhabi Bank (FAB) Egypt announced the launch of its electronic Point-of-Sale (POS) service, marking a strategic step in the bank’s mission to provide comprehensive payment acceptance solutions across the country. The service is designed to enable merchants to accept payments securely and conveniently, covering card transactions and contactless payments, in line with the bank’s broader digital transformation strategy.
This launch follows the success of the bank’s existing online payment product, Access, expanding digital payment solutions to include in-store POS systems to support overall business growth in electronic payments.
In this regard, Mariam Al-Samni, Head of Retail Banking at First Abu Dhabi Bank Egypt, stated: “This step reflects our ongoing commitment to empower merchants, support economic growth, and enhance Egypt’s digital payments ecosystem. The POS service aligns with Egypt’s Vision 2030 for digital transformation and the Central Bank of Egypt’s strategy for financial inclusion and sustainable economic development, facilitating access to safe, efficient, and innovative financial services for individuals and businesses alike.”
Shamis Fakhri, Head of Innovation and Electronic Payment Acceptance at FAB Egypt, added: “By integrating the new POS service with our existing e-commerce payment solutions, FAB Egypt reinforces its position as a comprehensive payment acceptance provider for merchants of all sizes and sectors. This move strengthens our presence in Egypt’s rapidly evolving digital payments market, offering innovative solutions that meet the growing needs of merchants and support the country’s economic development.”
The launch underscores First Abu Dhabi Bank Egypt’s commitment to developing practical and innovative payment solutions that enhance the merchant experience, foster the growth of the digital payments ecosystem, and advance Egypt’s transition toward a more efficient and inclusive economy.