OMA Emirates Partners With Magnati to Enable Payment Services Through Android

NEWS IN DETAIL

OMA EMIRATES

OMA EMIRATES JOINS MAGNATI TO ENABLE PAYMENT SERVICES THROUGH ANDROID DEVICES

OMA Emirates, a Middle Eastbased payment service provider, is partnering with Magnati, a regional leader in the payment solutions industry, to white label Android-based Point of Sales (POS) terminal devices that would be deployed to registered Magnati merchants’ locations.

The smart portable Android 7.x devices use the latest Android technology and the fastest communication mechanisms to perform transactions within a few seconds. Linked to Magnati’s Payment as a Platform offering, the new Android POS devices converge card payments; new payment methods; including domestic and international digital wallets, loyalty programs and QR solutions; and value-added services such as buynow-pay-later and easy-installment plans, in addition to Magnati’s Super Surprises, which is an AI-based data monetization solution that generates customized offers for customers.

The devices are also designed for other value-added services facilitated by features like QR Code scanning, dual cameras, NFCenabled readers, GPS, Bluetooth, and 3G/4G/WiFi network communication support that give Magnati’s merchants a variety of payment options. These highly secure devices, which are PCI PTS 5.x certified, are easily integrable with the merchant’s cash register.

Niranj Sangal

Group CEO, OMA Emirates

“Our solutions enable our clients to simplify payments and deliver a brand promise to Magnati. As an experienced payment service and solution provider, we were in a position to understand their requirements and deliver accordingly”, said Niranj Sangal, Group CEO, OMA Emirates, commenting on the partnership with Magnati.

Umer Farooq, MD & Head of Payments Platform, Magnati, said, “Partnering with OMA Group for over six years has enabled us to provide different payment technologies in line with changing consumer and merchant needs. The addition of advanced Android POS terminals to our suite of payment solutions offers a great user experience at the merchant level. The development and rollout of the Android payment devices is just the first step in a plan to ensure merchants are well-equipped to deal with new in-store environments and evolving consumer demands. Smart and adaptable payment devices play a key role in our Payment as a Platform solution where our clients will benefit from a future-proofed service with tools that make it easier for them to run and grow their businesses.”

GOOGLE-BACKED EDTECH FIRM CUEMATH BOLSTERS INTERNATIONAL EXPANSION EFFORTS

CUEMATH

NEWS IN DETAIL

• Cuemath expands the business across the Gulf

Corporation Council (GCC) • The company focuses on developing maths and critical thinking skills as a foundation for future work • Regional governments’ education policies and societal visions are taken to consideration for growth and expansion

Cuemath, the global maths tutoring platform, has further strengthened its senior leadership team by appointing of Divi Ramola as the Head of International Business. In her role, Divi will engage with key stakeholders and collaborate with new partners while expanding the business for Cuemath, primarily across the Gulf Corporation Council (GCC) and rest of the world, including Australia, Singapore, New Zealand, and the United Kingdom (UK).

Commenting on the appointment, Vivek Sunder, CEO, Cuemath said, “It is with great pleasure that we welcome Divi Ramola to Cuemath. As a seasoned EdTech industry leader, she brings an ideal combination of expertise and experience to usher Cuemath into its next chapter of growth and shape our strategic direction across the GCC and rest of the world.”

He further added: “We are proud to be a homegrown startup serving thousands of customers around the world. Today, more than 50 percent of our revenue comes from overseas markets, and we anticipate that this share will continue to grow. Moreover, since our launch in the UAE, Saudi Arabia, Oman, Bahrain, and Qatar in 2021, our subscriber base has increased exponentially, which is testament to the value that people universally place in experiential learning. This newly created role is part of Cuemath’s plan to scale itself worldwide. Divi will be instrumental in accelerating growth, generating leads, and advancing the company’s mission to be global maths leader, and providing strong maths foundation for students everywhere.” According to an official press release, GCC governments are increasingly recognising the types of skills that children need to participate in a futureorientated economy. Cuemath’s focus on developing maths and critical thinking skills as a foundation for future work is aligned to regional governments’ education policies and societal visions.

Divi Ramola, Head of International Business at Cuemath said, “I’m thrilled to be a part of the Cuemath team and to support its overall strategic objective to strengthen Cuemath’s presence across these dynamic markets. Globally, the education technology sector has witnessed high growth and the overall market for online education is projected to reach $350 billion by 2025. It is an interesting time for Cuemath to take its unique proposition to the world and help students across build a strong foundation for their future.”

With over twelve years’ experience, Ramola has held senior positions across India and Asia-Pacific market. Prior to joining Cuemath, she was the head of India, South-East Asia, Japan, and Hong Kong for Promethean, a leading education technology company. Cuemath is a global online maths learning platform backed by marquee investors including Lightrock, Alpha Wave Incubation, Sequoia Capital India, CapitalG (formerly Google Capital), and Manta Ray. The EdTech brand, which is present across 50 countries, has over 2,00,000 students leveraging its platform, at present.

Divi Ramola

Head of International Business at Cuemath