Sharjah, United Arab Emirates, July 2018: OMA Emirates Group, a leading global payment solutions provider, headquartered in Dubai, UAE, announces complete acquisition of Serbian based OMA Adriatic, previously holding a majority stake since 2014. The acquisition will help focus on other territories of the Adriatic region supporting the company’s vision of reaching 25 countries by 2020.
Established in 1991, OMA Emirates Group holds a diversified portfolio of state of the art solutions operating in 11 countries across the Middle East, Europe and APAC regions. With a dedicate staff of over 300+, OMA Emirates provides solutions in card personalization, payment issuance and acquiring systems, loyalty programs, digital banking solutions, etc. to more than 500 clients.
Initially set up to focus on Islamic Banking Payment Solutions, OMA Adriatic now focuses on retail solutions, loyalty programs and banking and financial products and services. With a dedicated team already in place, the company will now offer turnkey projects to markets by initiating upgraded technologies for Point of Sale, Switch Requirements and other banking implementations.
Niranj Sangal, Group CEO said “By fully acquiring OMA Adriatic, we aim to spread our expertise into the Eastern European region thus strengthening our reach and positioning ourselves as a ‘one stop shop’ offering an entire range of products and solutions that caters to the market needs and ever-changing trends. Our skilled teams are capable of providing current world-class solutions and enables us to develop additional strategic partnerships with the banking and financial sector in Europe.’’
Given the Middle East presence of OMA Emirates Group and the strong associations with many banks in the region, it is capable of implementing new technologies and solutions to the increasing base in Eastern Europe. Over the last few years OMA Emirates has made inroads into new territories of the Asia Pacific region and has plans to do the same in the European region.
About OMA Emirates Group
Middle East based OMA Emirates Group is a leading provider to the payment industry with cutting edge technology solutions for card personalization, payment issuance and payment acquiring systems through a global delivery platform. The company aims to help businesses achieve the highest efficiency levels by drawing on its extensive research and experience with a large profile of high-performance businesses. OMA Emirates Group together with its strategic world class technology partners designs and delivers a seamless customer experience. The company is ISO 9001 certified and has a presence in Eastern Europe, Africa and APAC.