In a strategic move aimed at revolutionizing the travel retail industry, Magnati, a prominent player in payment solutions across the Middle East, has teamed up with Lagardere Travel Retail to deploy an advanced cashless payment system. The collaboration focuses on providing a seamless and secure payment experience at over 200 points of acceptance within Abu Dhabi International Airport and Dubai International (DXB).
The Future of Cashless Payments Unveiled
Integration for Efficiency: Magnati’s state-of-the-art cashless payment solution is directly integrated into Lagardere Travel Retail’s cash tills, streamlining transactions and enhancing operational efficiency. This move reflects both companies’ commitment to staying at the forefront of technological innovation within the retail and travel sectors.
Global Security Standards: The implemented solution adheres to stringent global security standards, ensuring a secure environment for transactions. Customers can now experience the convenience of making payments through a diverse range of domestic and international cards with confidence.
A Global Touch with Local Expansion
Dynamic Currency Conversion: One of the key features of this collaboration is the Dynamic Currency Conversion option. This empowers customers to make payments in their home currencies, utilizing their cards, offering a personalized and convenient transaction experience.
Expanded Footprint: Lagardere Travel Retail has expanded its local operations with the recent addition of 18 outlets in the new Terminal A at Abu Dhabi International Airport. This expansion aligns with the growing demand for innovative retail experiences and sets the stage for an enhanced shopping and payment journey for the international clientele frequenting these airports.
As the partnership unfolds, Magnati and Lagardere Travel Retail aim to redefine the standards of payment experiences in travel retail, setting a precedent for future collaborations in the industry.
Salim Mahmood Awan, MD & Head of Business Development, Institutional Payment solutions, Magnati said, “As a leading payment company in the MENA region, Magnati is thrilled to collaborate with Lagardere Travel Retail, to enable a seamless payment ecosystem. Magnati is changing the payments landscape by partnering with businesses to provide them the best-in-class payment technologies for a superior customer experience. Solutions offered to Lagardere enables increased efficiency and ease of doing transactions for its patrons.”
Vadim Motlik, Lagardere Travel Retail UAE, CEO commented “We are delighted to partner with Magnati for this leading payment solution. Given our diverse international customer base, it is paramount for us to offer them a seamless and secure payment experience. We look forward to an ongoing and successful partnership with Magnati.”
The Magnati and Lagardere Travel Retail partnership underpins both companies shared drive to provide smart initiatives and secure payment solutions for consumers whilst enhancing the purchasing experience.
To know more about other trending usecases in the US financial services industry, like Generative AI, Open Banking, Buy Now Pay Later (BNPL), explore our other insights.
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