Foodics, a renowned restaurant and payment technology company, has partnered with MoneyHash, a leading payment orchestration and revenue operations platform in the MEA region, to enhance operational efficiency for restaurants and food service businesses.
Foodics, a fintech company licensed by the Saudi Central Bank, has grown significantly since its 2014 launch, processing over 2.5 billion orders through its platform.
The partnership’s began in 2022 with a rollout for Krispy Kreme, integrating Nigerian payment providers to streamline operations.
Since then, MoneyHash has supported Foodics in onboarding numerous merchants across the MEA region, including renowned brands like KFC in Egypt and Emirates Catering in the UAE.
MoneyHash’s innovative solutions have enabled Foodics’ merchants to achieve:
- 90% cost reduction in expansion operations.
- Accelerated time-to-market, reducing implementation timelines from 2 years to just 3 months.
- Seamless scalability and enhanced market presence.
SHAPING THE FUTURE OF PAYMENT SOLUTIONS
The next chapter of the partnership includes three developments to further empower Foodics and its merchants:
Payment Performance Optimisation: Reducing payment failures and enhancing user experience for customers.
QR Code Payments: Offering contactless, seamless payment options in-store.
Pay-by-Link for Phone Orders: Introducing a call center solution that enables smaller restaurants to process phone orders efficiently.
"Our partnership with Foodics marks a significant milestone in transforming payment operations for the F&B sector in MEA. By combining our advanced payment orchestration capabilities with Foodics' robust restaurant management platform, we're creating a more efficient and reliable payment ecosystem for thousands of restaurants across the region," said Nader Abdelrazik, co-founder and CEO of MoneyHash.
Ahmad AlZaini, CEO of Foodics, commented: "This strategic partnership with MoneyHash aligns perfectly with our mission to empower restaurant owners with cutting-edge technology solutions. By integrating MoneyHash's advanced payment orchestration capabilities, we're enhancing our ability to provide seamless, reliable payment processing for our merchants while making the entire process easier for time-pressured consumers.”
The MEA restaurant market is valued at approximately $33.71 billion, representing significant opportunities for innovation and growth. By combining MoneyHash's cutting-edge solutions with Foodics' industry-leading restaurant management platform, this partnership is transforming F&B operations, empowering businesses to scale efficiently and thrive in a highly dynamic market, revealed a statement. -TradeArabia News Service
