Al Nadeem IT partners with Saphir Systems

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Al Nadeem IT partners with Saphir Systems

 
 $235 billion financial transactions made through mobile globally
The Middle East MFS market expected to grow to 80% by 2017 to reach $27.5 billion
 
Al Nadeem IT, a Bahrain based leading ICT company has signed an agreement with Saphir Systems to develop and provide mobile financial services (MFS) in the Kingdom of Bahrain. The agreement was made on the sidelines of Gitex 2013 in Dubai, and the Bahrain Economic Development (EDB) played a key role in supporting this partnership, as part of EDB’s efforts to support businesses looking to access the Bahraini and wider GCC market.
MFS  provides solutions to various organizations to offer national and international money transfer, bill payment, payment at points of sale, credit or microcredit management, and many other financial services.

Research has indicated that the global value of financial transactions made through mobile has reached $235 billion and it’s expected that the Middle East share of this market will grow by 80% by 2017 to reach $27.6billion. 
Ms. Vivian Jamal, Executive Director – Business Development, Bahrain EDB stated: “We welcome the partnership of Nadeem IT with Saphir Systems, particularly on the sidelines of an important event such as Gitex 2013. The Kingdom has long been regarded as the Gulf’s technological pioneer, and we aim to be on the map of this $3 trillion industry as the ICT market in Bahrain is expected to see further growth.”

Mr. Ubaydli Ubaydli, CEO Al Nadeem IT said: “ This agreement will result in introducing new MFS technology and solutions to  the Kingdom of Bahrain, which will benefit the banking and insurance sector and revolutionize electronic and mobile banking.  A new concept introduced and patented by Saphir Systems has enabled remittance and transfer of money that can be collected from the nearest ATM in local towns. 

Saphir Systems Managing Director Mr. Abdellatif Benider said: “At Saphir Systems, our mission is to be the partner of reference in the implementation of Mobile Financial Services. Saphir Systems has developed a wide network of experts in MFS strategies and aims to provide customers with innovative ideas, along with reliable and efficient technology, as well as ensuring that close attention is paid in order to meet the clients’ expectations.
Bahrain’s progress in the ICT industry is demonstrated by the 2012 UN eGovernment Readiness Survey, placing the Kingdom 2nd in the MENA region. The Survey placed Bahrain 36th of 192 countries worldwide in its application of ICT to provide access and inclusion for its citizens. In the Survey, Bahrain outperformed the world average across eReadiness, Web Measure, Infrastructure, Human Capital and e-Participation. The financial services sector accounts for 17% of the Kingdom’s GDP, with over 400 financial institutions registered in Bahrain.
 
 
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Notes to editors
 
About The Bahrain Economic Development Board (EDB)
The Bahrain Economic Development Board (EDB) is a dynamic public agency with an overall responsibility for attracting inward investment into Bahrain, and is focusing on target economic sectors in which the Kingdom offers significant strengths.
 
Key areas of focus include manufacturing, ICT, and logistics and transport services as well as other sub-sectors. The Financial Services sector in Bahrain is particularly strong and the EDB supports in the continuing growth of the banking industry and key sub-sectors, including Islamic Finance, Asset Management, Insurance and Re-Insurance.
 
For more information on the Bahrain EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com 
 
Further information please contact:

Noora Abul, Bahrain Economic Development Board
Tel: +973 17 589 903
Email: internationalmedia@bahrainedb.com 
 

About Al Nadeem IT

Al-Nadeem is a leading global professional services firm providing the highest quality IT Services and Solutions to a broad spectrum of public and private sector clients in Bahrain and the GCC. The firm was founded in 1995 in BAHRAIN. Al-Nadeem provides value-added IT Solutions and Services to its clients by clearly understanding their core business problems, providing top quality consultants who have the requisite technical skills and business knowledge, developing trust and becoming a valuable asset. Al-Nadeem’s proven expertise with similar projects has been awarded various prizes and it proves our capabilities to support client’s needs and requirements.
Al-Nadeem provides a complete platform, incorporating all tools and solutions to dynamically manage the web environment, and exceed customer expectations in terms of cost-effectiveness and quality. With the prime objective of maintaining a consistent look, faster download time and attractiveness of your website, Al-Nadeem, a Microsoft Golden Managed Certified Partner proposes its maintenance services headed with a project team of highly skilled programmers, artistic designers and experienced technical solution providers having great depth of experience in delivering corporate portals and website solutions. Al-Nadeem has continuously worked to improve our service and to increase the range of what is offered. Our goal, as always, has been total customer satisfaction. Al-Nadeem provides, web-site, business study, consulting, content management solution, E-Business, strategic planning, e-solutions, e-commerce, database integration, graphics, web design, messaging solutions. Al-Nadeem’s mission is to work closely with its clients to envision and realize their e-business potential in the challenge universe of information technology.

Al-Nadeem specializes in designing and developing technology platform, implementing web based technologies, providing content management systems and ecommerce solutions to meet organizations’ internet, internet and extranet requirements. We leverage the power and agility of internet technology to enable the exchange of your vital business information –anytime, anywhere. Al-Nadeem can provide you a seamless experience to maximize company revenue through customer satisfaction and customer loyalty.

Al Nadeem alliance with global companies such as Microsoft and AOU supports ongoing development and enhancement of al-Nadeem’s skilled software professionals through regular training sessions, focused technology certifications and ongoing conference participation
 
For more information on Al Nadeem IT please visit www.alnadeem.com
About Saphir Systems:

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