Press release

MEDCO S.A.L launches, in partnership with areeba, the first dynamic QR mobile payment solution in Levant

April 2018
Beirut, Lebanon – 20 April, 2018: Mediterranean Oil Shipping & Transport Co. MEDCO SAL, the leading and centennial Lebanese petroleum company announced today, in partnership with areeba, the launch of its latest innovation: MEDCO Pay, at a press event held at the MEDCO Chevrolet station, in the presence of Visa and Mastercard representatives, bank representatives and journalists.

MEDCO Pay is the 1st dynamic QR Mobile Payment in Lebanon allowing customers to pay for gas with their smartphones. Customers just need to download mymedco loyalty app from Apple Store and Google Play and link it to their Visa or Mastercard issued from any bank in order to start using MEDCO Pay at any MEDCO station. Honored by 203 MEDCO and Phoenicia stations throughout the country, MEDCO Pay is today’s most convenient, secured and accurate gas filling for motorists.

Michèle Chammas Garzouzi, Chief Innovation Officer and Retail Director at MEDCO, said:

“Motorists always aspire for ultimate convenience at the “service” station. As we have been partnering with Visa for the past 2 summer campaigns, we data mined every habit of the cardholders and noticed that they preferred staying in their cars when filling gas and dreaded shouting out their cards’ PIN code to the pump attendants. So we thought of MEDCO Pay as a proprietary payment mode within our mymedco loyalty app for the motorist to pay with his mobile on the tablet which is connected to the dispenser’s AI for no manual intervention of the gas amount MEDCO Pay will let you stay light in your taxi drone (you can also stick to your car or electric vehicle!) at your next visit to MEDCO! Another innovation that meets the consumers’ expectations.”

MEDCO found in areeba the ideal processor and exclusive partner to its MEDCO Pay seamless user experience. areeba will be at the forefront of driving mobile payments to MEDCO service stations, both sharing the passion for innovation, upgrades and change.

Ramzi Saboury, Chief Commercial Officer at areeba, said:

“Every business is looking for ways to introduce innovative products to retain customers and attract new ones.  By offering a QR-based mobile payment solution, MEDCO can achieve these goals and create greater customer experience. In an attempt to drive affordable acceptance of electronic and mobile payments onto the market, areeba is keen on developing and implementing QR code payment solutions using Mastercard and Visa platforms that provide merchants of all sizes and types a fast, secure and convenient way to accept mobile payments.” Adding: “Merchants using QR code for the first time are thrilled about how quickly and securely they receive electronic payments without having to invest into expensive point-of-sale infrastructure. Once again, areeba is proud to contribute to the launch of digital payments which will help facilitate the journey towards a cashless future.”
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