BPC has announced that it is entering Saudi Arabia’s market with the aim to strengthen its presence in the region.
As part of its go-to-market strategy, the company recently announced the key nomination of Khaled Moharam as Managing Director for the GCC as well as a local representation through a partnership with Interpaymea.
Interpaymea will be representing BPC in the Kingdom commercially as well as offering local delivery and support services to mutual clients 24×7.
BPC brings to the Kingdom its SmartVista Platform, a robust and future-proof platform, which has been adopted by institutions such as HSBC, ING, Oman Arab Bank, Qatar National Bank, Sberbank and Tymebank South Africa.
The platform has been designed to support micro services and can be used as a standalone or as a full end-to-end banking and payment suite. It includes channel management, digital banking, an API hub, payment gateways and merchant acquiring solutions, wallets and card management, fraud and risk management, digital ticketing and marketplaces.
Mr Badri Alkadhim – Founder of Interpaymea said:
“BPC’s entry to Saudi Arabia comes at a perfect time as the Kingdom is accelerating its digital transformation programme. Our organisations are complementary, Interpaymea brings a wealth of local knowledge and service, while BPC offers the latest in banking, commerce and mobility solutions, currently in high demand in the Kingdom”.
Mr AlAqqad, cofounder and CEO of Interpaymea shared his enthusiasm:
“BPC and Interpaymea share the same vision for the future of payment with the focus to precisely respond to customers changing behaviours when banking, shopping, moving and paying in store, in app and online. I am confident that our partnership will appeal to financial institutions that want to differentiate and play a leading role in the Kingdom’s changing banking, commerce and mobility markets.”
Mr Khaled Moharam – Managing Director GCC commented:
“I am proud to be joining BPC in this new venture at a perfect time. I am impressed by the fast growth of the company and look forward to contributing to its expansion in the GCC, a market I have covered for over 20 years. It is exciting to see how the market is evolving with everything contactless or online and BPC is at the forefront of innovation in these areas”.
Mr Angelo Bertini – SVP, Managing Director Middle East and Africa at BPC commented:
“I am proud to see BPC entering the Saudi market with a partnership and a strategic nomination. This announcement translates our vision to grow our regional footprint. The Middle East and the GCC in particular are going through an innovation boost that is palpable in commerce, banking and mobility with new payment experiences – key areas of expertise of BPC. The partnership with Interpaymea allows us to augment our capabilities in the Kingdom and we could not expect a better partner. We look forward to making positive announcements soon”.
