ISSUES & CHALLENGES
Digital transformation is pushing a continuous evolution of payment systems. The adaptability & efficiency of the entire payment ecosystem depends on uptake by merchants, though there are other stakeholders as well. The major stakeholders being:
- Merchants
- Acquirers
- Issuers
- Processors
- Technology vendors
- Regulators
A major gap is a platform that brings together all stackholders with a focus on Merchants to Eliminate & Manage the following Hurdles, impacting the adoption of electronic payments.
- Operational Issues
- Data security (PCI Payment Card Industry standard)
- Data & Billing Inaccuracy
- Lack of Training & education
- No Centralized Visibility
- Inefficient onboarding of Merchants
SOLUTION:
We MG360 provide a viable Solution in the form of a Multilingual Platform with all Stakeholders' value.
WHY CHOOSE MG360
All the acquiring banks are facing challenges with the current legacy process of provisioning & maintenance of POS Terminal which is an inefficient use of the time & resources and lacks visibility. By contributing to the slowon-boarding/maintenance process makes the banks less competitive, an unfavourable brand Image and by not having proper process/systems in place Impacts Growth & Profit generation. Banks wants to streamline the process & provide the required Services to the Merchants in a timely manner.
SAUDI ARABIA has initiated a vision 2030 where one of the aspects is digital economy. This reflects into enhancing the payment system by shifting to a cashless society.
MG360 has taken the initiative to support this transformation smoothly among all stakeholders and enhance user experience.
WHAT WE DO
MG360 is a bi-lingual platform to enable all stakeholders ( Banks, POS’s Merchants, Merchant service providers, SAMA, and individuals ) for efficient, economical, secure deployment and management of payment systems, and provide knowledge.
Web/Mobile Dashboard & Statistics
Data Structuring & Cleansing
Training & Education
Tracking POS Activities
Reports
Support
MG360 BENEFITS
- Dedicated Web/Mobile Platform to manage all the activities related to POS Terminal Provision and Maintenance.
- Review & recommendations on Optimization of all processes.
- POS Inspection as per PCI Standards.
- Merchant’s Data Cleansing & Structuring & verification
- Visibility enhancement on POS operational activities, issues and resolutions
- Continuous analysis of POS Terminal deployment and active usage (inactive/idle) across all merchants to economize billing.
- Weekly/Monthly/Quarterly Reports.
- Merchants and individuals certification