According to the press release, the cash registers used at Lagardere Travel Retail stores are directly linked with Magnati's cashless payment system, which follows global security standards to ensure an effortless, integrated, and secure payment experience for customers. The system accepts a wide variety of international and domestic cards and provides Dynamic Currency Conversion, allowing customers to make payments in their home currencies using their cards.
This feature also provides a convenient and non-restrictive transaction experience for Lagardere Travel Retail's international clientele.
Dynamic Currency Conversion (DCC) is one strategy that has proven to simplify international transactions and end an established payment method that retailers are increasingly adopting. As a result, merchants offering DCC often partner with highly regarded payment processors.
How this service can positively impact businesses and improve the customer experience:
With its operations based in the MENA region, Magnati provides services in the payment solutions industry, with the company being focused on direct acquiring, issuer processing, and acquiring processing. Magnati offers government, merchant, and institutional clients a payment platform that leverages technology to deliver enhanced experiences and increased efficiency.
Recently, the company has entered a collaboration with Sheikh Shakhbout Medical City (SSMC) to offer a simplified and secure payment experience to SSMC patients. Considering the wide range of payment channels, including cards, e-wallets, and self-checkout kiosks, patients can settle their bills conveniently without carrying cash or checks.
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