The ALIOTH l Pay service and innovative payment wearables enter the Middle East market

ALIOTH exhibited at the Middle East largest payment, financial and identity technologies conference – Seamless Middle East 2020, which was held in Dubai on November 16-17, 2020.

Each year, the Seamless Middle East exhibition brings together the main organizations involved in payment, banking and finance ecosystem, in order to share expertise, experience and creative ideas and to determine the most promising trends and areas for future growth in the sector.

Alioth presented its ALIOTH l Pay tokenization service, its innovative payment devices – rings, bracelets and key fobs, its metal and LED cards incorporating SCOne chips, and its own multi-functional EMV products certified by the main international payment systems.

ALIOTH’s system of innovative payment devices includes both the creation of stylish accessories that double up as contactless payment devices, and also the development of solutions for managing these devices. Alexey Komarov, head of the tokenization department, spoke about the advantages of the ALIOTH l Pay system: “The service allows clients to link payment accessories to the card and manage them without the need to physically go to a branch of the bank, which makes it easier to activate and use the system, as well as extending the scale and range of wearable payment devices.”

The new service provides banks in the Middle East with a unique opportunity to provide their clients with innovative payment methods without the need to organize the sale of wearable accessories, or incur costs relating to such sale.

Visitors of the ALIOTH’s exhibition stand were able to view samples of the new payment products and premium-sector bank cards and learn about the advantages they offer and see a demonstration of the ALIOTH l Pay mobile app and put questions to experts in the field of tokenization.

ALIOTH wishes to thank all the exhibition’s participants and visitors for their interest in its products, and extends a warm welcome to prospective partners!

ALIOTH is the leading Russian manufacturer of bank cards and the developer of the SCOne operating system, a certified solution for payment cards and a universal card-based platform for the implementation of non-financial projects in the state or private sector.

Seamless Middle East is a major annual event which brings together the main participants in the payment industry in order to demonstrate the latest payment, financial and identity technologies.

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