DOHA: KeyBS, a leading technology provider for financial institutions, which recently entered into a franchise agreement with KBS Qatar, has announced to install 100 KeyKIOSK and 500 POS (point of sale) within this year, said a press statement yesterday.
According to the statement issued by KeyBS, a member of Arabi Holding Group KSC, this is part of the franchise agreement with KBS Qatar to open KeyKIOSK and KeyPOS in the country. Ibrahim Darraz, Managing Director, KeyBS, said: “This agreement is in keeping with our expansion strategy in the GCC. Qatar is a very significant market for us and we are delighted to partner with KBS Qatar that is well placed to drive our growth in this key market. Qatar, like the rest of the GCC, is witnessing strong demand from consumers for automated and digital payment solutions. This has necessitated banks, exchange houses and other financial institutes to swiftly respond to this growing demand thus creating unprecedented opportunities for a company like ours. Industry research shows that over the next five years more than two-thirds of customers are like to be self-directed.”
KeyBS has already installed 25 kiosk machines in Qatar, and it expects to reach 75 machines in the country by April, 2015. Qatar’s economy is forecast to grow 7.7 percent in 2015. It will be the country’s fastest expansion since 2011 and an acceleration from 6.3 per cent estimated for this year. The Qatari banking sector has been one of the stellar performers in the GCC, capitalizing on the huge investment, financial resources and economic growth.
Continuing its expansion, KeyBS recently hit a new milestone reaching 565 locations all over GCC covering the UAE, Qatar, Bahrain and Saudi Arabia. Across its network, the company offers more than 15 services in 10 different languages. KeyBS provides advanced automated, kiosk, point of sale, Web Portal and Mobile Technology systems and services for remittance transactions and bill payments as well as customised software and hardware tailored to boost productivity and efficiency that in turn help cut down costs. The Peninsula
