OMNIQ Corp, a global leader in Artificial Intelligence-based solutions and supply chain management, is thrilled to announce that it has concluded the process and is poised for the signing of a collaboration agreement with SHVA (Automated Banking Services Ltd.), Israel’s premier payment processing company. This partnership marks a significant milestone in OMNIQ’s strategic expansion within the fintech industry.
SHVA, renowned for its pivotal role in facilitating electronic payments in Israel, processes millions of transactions monthly, supporting the majority of the country’s financial activity. The collaboration with OMNIQ signifies a substantial leap forward in enhancing fintech solutions across the region.
“This partnership marks a major advance for OMNIQ in the fintech sector,” said Shai Lustgarten, CEO of OMNIQ. “Collaborating with SHVA, a leader in payment processing, aligns perfectly with our strategic plan to expand our fintech capabilities and enhance customer experiences through innovative technology.”
The agreement between OMNIQ and SHVA is expected to introduce cutting-edge payment solutions, which will benefit both businesses and consumers by streamlining transaction processes and enhancing the security and efficiency of financial transactions.
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“This is an exciting development in our journey to grow OMNIQ’s fintech business. By combining our advanced AI technology with SHVA’s robust payment systems, we are setting the stage for significant advancements in the fintech space,” added Lustgarten.
OMNIQ anticipates that this collaboration will not only enhance its product offerings but also strengthen its market presence in the rapidly evolving global fintech landscape.
This agreement follows OMNIQ’s successful EMV certification, a crucial milestone granted by major international credit card schemes such as VISA, MASTERCARD, and DINERS. This enables omniQ to process both domestic and international credit card transactions with enhanced operational capabilities.
OMNIQ Corp. is at the forefront of technological innovation, focusing on advanced AI technologies for computer and machine vision image processing. The company develops a variety of products including data collection systems, real-time surveillance, and monitoring tools.
SHVA (Automated Banking Services Ltd.) is Israel’s preeminent payment processing company, pivotal in handling a significant majority of the nation’s financial transactions.
SOURCE: GlobeNewswire