Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, has partnered with Ternoa using Athar, a secure and cost-efficient PayFi network designed to onboard billions of retail customers into crypto.
Ternoa will introduce Athar, a decentralized consumer finance protocol which makes crypto payments easier and more accessible for everyday transactions. AFS will begin experimenting Athar-powered crypto payment solutions for merchants across GCC.
Mr. Samer Soliman, AFS CEO commented: “AFS is committed to driving innovation in the payments industry and expanding access to seamless, secure, and future-ready solutions. By integrating stablecoins and decentralized finance, we are unlocking new possibilities for merchants and consumers across the UAE, paving the way for the broader adoption of digital payments in the region."
Ternoa CEO, Mr. Mickael Canu added, “The next big step for blockchain and digital finance is making it useful in everyday life. The payments and financial services industries are massive and bringing them onto Ethereum will open up exciting new possibilities. Our partnership using Athar with AFS will make digital payments faster, more secure, and accessible.”
Athar will enable stablecoin payments at Point-of-Sales (PoS) terminals, enhancing transaction efficiency and security for businesses and consumers. Unlike traditional cryptocurrencies, stablecoins are designed to maintain a stable value, typically pegged to fiat currencies like the US dollar or UAE dirham.