Comera Pay, a new entrant in the UAE’s fintech landscape, has officially launched its merchant acquiring payment solutions. The move aims to empower local businesses by providing a comprehensive suite of digital payment acceptance tools, facilitated through a strategic partnership with Arab Financial Services (AFS), a leading digital payment solutions provider in the MENA region.
Empowering UAE Merchants
Comera Pay is introducing a range of services designed to streamline transactions for businesses of all sizes across the UAE. The offerings include state-of-the-art smart Point-of-Sale (POS) terminals for in-store payments and sophisticated payment gateways for seamless online transactions.
These solutions are equipped to handle a wide variety of payment methods, including credit and debit cards from major networks like Visa and Mastercard, as well as contactless payments, QR codes, and popular digital wallets. This flexibility is intended to cater to the evolving preferences of consumers in the Emirates.
Strategic Partnership with AFS
To power its new services, Comera Pay has selected AFS as its exclusive processing partner. AFS will provide the core payments processing infrastructure, leveraging its extensive experience and robust technology to ensure secure and reliable transaction handling. This collaboration allows Comera Pay to tap into AFS’s established platform, which is regulated by the Central Bank of Bahrain, to accelerate its market entry.
Akhtar Saeed Hashmi, CEO of Comera Pay, commented on the launch, stating, “We are thrilled to launch our new acquiring payment solutions for the UAE market. We will be catering to all types of businesses, offering them a more secure, seamless, and technologically advanced payment ecosystem.”
He added, “We believe that our partnership with AFS will enable us to provide our customers with the most innovative and reliable payment solutions.”
Samer Soliman, CEO of AFS, also remarked on the partnership, “We are delighted to be the partner of choice for Comera Pay’s new acquiring business. This partnership is a testament to AFS’s position as the leading payments processor and fintech enabler in the Middle East and Africa region.”
About Comera Pay
Comera Pay is the digital payments brand of Comera Financial Holding. The company is focused on delivering innovative and seamless payment solutions to businesses in the UAE. Its services include smart POS terminals and online payment gateways designed to simplify transaction processes for merchants and enhance the payment experience for consumers.
About AFS
Arab Financial Services (AFS) is a leading digital payment solutions provider and fintech enabler in the Middle East and Africa. Regulated by the Central Bank of Bahrain, AFS offers a comprehensive portfolio of services, including debit, credit, and Islamic card processing, merchant acquiring, and value-added services. The company serves over 60 clients across more than 20 countries.
Source: Zawya
