PayBy, a FinTech pioneer under Astra Tech, has made a groundbreaking advancement by becoming the first merchant acquirer in the UAE to launch a POS machine capable of generating both QR codes and payment links directly from the terminal. This new technology will revolutionize payment processes by streamlining online and offline transactions and eliminating the need for external payment portals.
In a recent report by the Dubai Chamber of Commerce, it was noted that the UAE is home to over 450,000 merchants across various industries.
A Visa survey highlighted that 65% of these merchants struggle with managing multiple payment systems and integrating transactions from both online and offline sources.
The state-of-the-art POS technology from PayBy supports an extensive array of payment options, including traditional bank cards, Alipay+, WeChat, Botim Wallets, Apple Pay, Samsung Pay, Google Pay, and NFC payments. By allowing merchants to generate payment links and QR codes directly from the terminal, PayBy not only simplifies the payment process but also boosts security, catering to a broad spectrum of domestic and international customers. This advancement not only streamlines merchant operations but also enhances customer satisfaction, establishing PayBy as a frontrunner in payment solution innovation.
Abdallah Abu-Sheikh, Founder of Astra Tech, remarked, “At PayBy, we continually innovate to meet our customers’ evolving needs and streamline their payment processes.”Being the exclusive merchant acquirer in the UAE offering direct payment links and QR codes from our terminals marks a significant achievement. This integrated solution facilitates seamless operations for our diverse range of merchants in the UAE’s intricate market.”
Beyond enhancing payment handling capabilities, PayBy also seeks to build partnerships that enrich the payment experience. The integration of globally recognized payment options like WeChat Pay addresses the diverse needs of international customers, including Chinese tourists. PayBy’s POS solution stands out by offering a comprehensive suite of payment options, supporting both online and offline transactions, and equipping merchants with the essential tools for success.
