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Spire Payments signs ABANA Enterprises Group Co. as its Distributor in Saudi Arabia


Riyadh, Saudi Arabia - 26th June 2018: ABANA Enterprises Group Co. has been appointed as Spire Payments’ distributor for Saudi Arabia. ABANA, a well-established and respected supplier and service provider of banking solutions, telecom technology, and cash management services across the Kingdom for over forty years, will offer Spire’s state-of-the-art point of sale (POS) payment solutions to its current and future customers.

ABANA is perfectly positioned to partner with Spire, with unrivalled infrastructure across the Kingdom including 700+ field engineers and support staff, 21 service centres, four major repair centres, and single-point contact 24/7 help desk. ABANA has received ISO 9001, ISO 22301, and ISO 27001 certifications as a testament to its commitment to provide quality services and comply with international standards. These credentials, along with industry-recognised quality of service, has resulted in the company becoming Saudi’s first licensed multi-bank cash centre. This complex and highly secured operation manages ATMs across the Kingdom.

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, says “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.”

About Spire Payments

In a world of converging technologies in which e-commerce, mobile commerce, and social networks cross over into traditional electronic payment, Spire Payments applies its thirty years of expertise to bring to market innovative, highly secure and futureproof devices and solutions that promote seamless payment transactions to all end-points around a user experience that is both interactive and rewarding. Spire Payments, one of the fastest growing European POS and mPOS Fintech solutions providers, is one of the original pioneers to develop world-class secure electronic payment solutions - from fixed, portable and mobile payment solutions to PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.

Serving market segments ranging from the financial and retail to hospitality and transportation and with offices in Spain, the UK, the Czech Republic, Russia, Dubai and Hong Kong, Spire Payments is a forward-looking alternative to traditional payment terminal suppliers. With some of the world’s top financial and retail organisations among its customers, the Spire Payments team will always be at the forefront of progress in electronic payments.

ABANA has over 40 years of experience in providing “Solutions” – a combination of innovative and relevant products and software, with fast and reliable technical support services in Saudi Arabia. ABANA’s network of 21 service centers strategically scattered across Saudi Arabia, 700 field engineers, technicians and technical support staff, in-house help desk and software development team, allows it to provide support services in mission critical situations anywhere in the Kingdom. ABANA’s service team travels around 20 million kilometers each year to provide field technical services to over 30,000 machines, systems, devices and equipment. ABANA has its own Cash Management Services, which includes CIT services and multi-bank cash center operations.

ABANA is committed to providing quality products and services, hence it has obtained various international certifications such as ISO 9001:2015, (Quality Management System), ISO 22301:2012 (Business Continuity Management System), and ISO/IEC 27001:2013 (Information Security Management System).

Spire Payments
Nigel Dean, Global Marketing Director
M: +44 (0) 7876 883730