Abu Dhabi, UAE – 25 December 2024 – Magnati, a leading provider of payment solutions in the Middle East, has announced a new agreement with Arabian Automobiles Company (AAC), the flagship automotive business of the AW Rostamani Group. AAC is the exclusive dealer for several major car brands, including Nissan, INFINITI, and Renault, in key markets such as Dubai, Sharjah, and the Northern Emirates.
As part of this strategic collaboration, Magnati will enhance the payment capabilities for AAC customers by offering them access to Aani, a cutting-edge instant payment platform developed by Al Etihad Payment (AEP). This platform will be available at all Arabian Automobiles locations, providing customers with a seamless, secure, and efficient payment process. The Aani platform is designed to handle transactions swiftly and securely, benefiting not only individuals but also businesses and government entities across the UAE. This will enable customers to complete their transactions without any delays, enhancing overall customer satisfaction.
The partnership also reflects Magnati’s long-standing commitment to revolutionizing the payment landscape in the region. By leveraging the power of Aani, developed under the UAE Central Bank’s Financial Infrastructure Transformation Programme, Magnati continues to play a vital role in shaping the future of payments. The platform is built on state-of-the-art infrastructure, allowing for highly secure, reliable, and fast digital payment solutions. With this cutting-edge technology, financial institutions and payment providers can offer their customers top-tier capabilities, enabling faster, safer, and continuous digital transactions, available around the clock.
Moreover, this collaboration signifies a significant milestone for both companies, as it not only improves payment solutions for AAC customers but also strengthens the digital infrastructure in the UAE. It is a step forward in ensuring the growth and modernization of payment systems in line with the country’s ambition to be a global leader in digital finance.
Salim Awan, the Managing Director of Institutional Payments at Magnati, explained the benefits of the partnership, saying, “Through this collaboration, Magnati is enhancing payment services for merchants, offering multiple advantages. The ability to process real-time payments 24/7 will improve cash flow management, while customers will enjoy an upgraded payment experience with instant transaction confirmations via QR codes. This collaboration enables AAC customers to access cutting-edge payment technology and benefit from seamless, efficient digital payment solutions that are secure and user-friendly.”
Hussam Baghdadi, Senior Director at Arabian Automobiles Company, shared his insights on the significance of this partnership: “In today’s fast-evolving digital landscape and competitive market environment in the UAE, businesses need to embrace innovative solutions that improve customer experience and foster revenue growth. Our partnership with Magnati highlights our commitment to these goals, leveraging advanced payment technologies. The integration of Aani across all our outlets provides our customers with instant and secure transaction capabilities, positioning AAC as a pioneer in digital payment innovation within the automotive industry. This collaboration not only simplifies the payment experience for our customers but also offers significant operational efficiencies for us as a merchant. It aligns perfectly with the UAE’s vision to be at the forefront of cutting-edge digital payment solutions.”
This strategic alliance not only supports the UAE’s objective of advancing payment systems but also underscores Arabian Automobiles’ commitment to optimizing customer experience and streamlining digital transactions. The partnership is anticipated to significantly improve payment processes and operational efficiencies, solidifying AAC’s competitive edge in the market.
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