Hypercom Corporation has announced that Al Rajhi Bank, one of the
largest financial institutions in Saudi Arabia and the Middle East, has
agreed to purchase more than 4,000 Optimum dial-up and wireless
card payment terminals. Hypercom’s terminals were selected in
competition with other global payment terminal providers. Dial-up,
BluetoothÂ® and GSM-enabled terminals will enable the bank to
extend its electronic payment services to merchants in the hotel,
restaurant, mall/kiosk, hospital and government sectors.
The card payment terminals were supplied by Alhamrani Universal Company,
the distributor of Hypercom products in Saudi Arabia and the Middle
East. Al Rajhi Bank selected Alhamrani Universal based on the advanced
functionality of the Hypercom terminals as well as Alhamrani Universal’s
high level of technical support, consultancy and training services.
“This contract reinforces Hypercom’s strong position in the Middle East,
giving us an excellent opportunity to build our already solid market
share as the adoption of electronic payments continues to rise
throughout the region,” said Kazem Aminaee, Senior Vice President and
Managing Director, Hypercom EMEA.
The Optimum M2100 wireless terminal is a compact, high-speed,
battery-operated device that facilitates fast, secure point-of-sale
transactions for restaurants, delivery services, car rental companies,
sports stadiums, medical facilities, kiosks and other businesses that
require non-stationary payment systems.
“Alhamrani’s partnership with Hypercom, together with our professional
services and technical support, enable us to provide this
internationally-recognized financial institution and its clients with
best-in-class technology, service and support,” said Tariq Abdat, Chief
Operating Officer, Alhamrani Universal.
About Al Rajhi Bank (www.alrajhibank.com.sa/en/)
Al Rajhi Bank is a major name in Saudi Arabia’s banking and business
world. It has grown from a strong base, focusing on serving the needs of
the nation and its citizens, contributing to the Kingdom’s construction
and development, and always operating within the framework of Shariah
Al Rajhi Bank is one of the largest joint stock companies in the
Kingdom, with a paid up capital of SR 13,500,000,000. The head office is
located in Riyadh and there are six Regional Offices. The Bank has the
largest branch network (more than 500 branches) distributed throughout
the Kingdom, the largest ATM network (1600 machines) and over 12.000 POS
installed with merchants all over the Kingdom.
About Alhamrani (www.universal.com.sa)
Alhamrani Universal Company (www.universal.com.sa) is the member of
Alhamrani Group of Companies, Alhamrani Universal is the exclusive
Distributor in the Kingdom of Saudi Arabia for Diebold and Hypercom, and
both are providing total integrated technology solutions for electronic
self-service banking and payment systems. Universal is also a security
solution provider that covers both Electronic (CCTV, Intrusion Alarms,
Access Control, Biometrics) and Physical Security Products and Systems.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full
suite of high security, end-to-end electronic payment products and
services. The company’s solutions address the high security electronic
transaction needs of banks and other financial institutions, processors,
large scale retailers, smaller merchants, quick service restaurants, and
users in the transportation, healthcare, prepaid, unattended and many
other markets. Hypercom solutions enable businesses in more than 100
countries to securely expand their revenues and profits.