Zand has announced the launch of ZandPay, a point-of-sale (POS) solution developed in collaboration with Transguard Group and supported by Arab Financial Services.

ZandPay has been designed to help businesses manage payments more effectively, providing a combination of speed, security and flexibility.

It supports a range of payment methods, including debit and credit cards, contactless options, mobile wallets, and international transactions across multiple currencies.

The system is compatible with all major card providers and incorporates both chip and contactless NFC capabilities.

In addition to payment processing, ZandPay offers AI-driven analytics that allow businesses to track sales patterns and customer preferences.

These insights can be used to improve operational decision-making.

The platform also includes integrated Android-based POS terminals that are adaptable to business applications and back-end systems, allowing for greater ease of use and customisation.

Security has been developed as a core feature of ZandPay, with measures in place to protect against fraud while maintaining compliance with industry regulations.

The solution also incorporates integration pathways with decentralised finance (DeFi), providing options for future applications as financial services continue to evolve.

Featured image credit: Edited by Fintech News Middle East, based on screenshot by Zand via LinkedIn