Mawarid Finance and AFS Partner to Launch Smart POS Terminals Across the UAE
by Manama, Kingdom of Bahrain – In a move that advances the UAE’s digital payment landscape, Mawarid Finance has announced the launch of smart Point-of-Sale (POS) terminals in collaboration with Arab Financial Services (AFS), the region’s leading digital payments provider and fintech enabler. The new smart POS terminals are set to roll out across a wide range of retail outlets, malls, stores, and service providers—enabling merchants to accept payments seamlessly through major credit/debit cards and a variety of digital wallets.
Smart Payments for a Smarter Experience
The launch of these state-of-the-art POS devices is designed to transform the customer checkout experience—offering greater speed, security, and convenience while enabling merchants to better manage transactions and enhance sales performance.
Mr. Rashid AlQubaisi, CEO of Mawarid Finance, emphasized the strategic importance of this launch:
“As the financial ecosystem evolves, Mawarid Finance remains committed to staying ahead of market needs. This partnership with AFS allows us to deliver innovative, Shariah-compliant digital solutions to the market. Our smart POS terminals are a step forward in empowering merchants with smarter tools and providing customers with secure, seamless payment options.”
Mr. Samer Soliman, CEO of AFS, echoed the sentiment:
“We are delighted to collaborate with Mawarid Finance to introduce co-branded POS solutions in the UAE. These smart devices are designed with both merchants and consumers in mind—offering broad acceptance and a frictionless checkout experience. It’s a testament to our shared vision for innovation and customer-centricity.”
A Shared Vision for Digital Innovation
This partnership underscores a mutual commitment to accelerating the adoption of digital payments across the UAE, bringing smarter, faster, and more inclusive solutions to the region’s retail and service sectors. As consumer expectations shift towards more digital and contactless experiences, these smart POS terminals will play a pivotal role in enabling financial inclusion and efficiency.
About Arab Financial Services (AFS)
Established in 1984, AFS is the leading provider of digital payments solutions and fintech services in the Middle East and Africa. Backed by 37 banks and financial institutions, AFS supports over 60 clients across 20+ countries. The company offers a wide array of services including open banking, digital wallets, merchant acquisition, digital payroll, and more. Regulated by the Central Banks of Bahrain, Egypt, and the UAE, AFS has built a strong reputation for reliability, innovation, and excellence, with offices and data centers across Bahrain, Egypt, Oman, and the UAE.
About Mawarid Finance
Founded in 2006 and licensed by the UAE Central Bank, Mawarid Finance PJSC is an Islamic finance and investment group dedicated to providing Shariah-compliant financial solutions. With a paid-up capital of AED 1 billion, the company is known for its innovative approach to Islamic finance and its focus on supporting SMEs and the national economy. Over the years, Mawarid has expanded into a diversified conglomerate with investments across key industries in the MENA region. Recognized for excellence and innovation, Mawarid holds ISO 9001:2008 certification and numerous awards for its business achievements.
