Ramallah, Palestine: Cairo Amman Bank and NeoCash have signed a strategic partnership agreement aimed at expanding access to innovative electronic payment solutions for merchants across Palestine, including Point-of-Sale (POS) terminals and SoftPOS solutions.
The agreement was signed at Cairo Amman Bank’s Regional Management headquarters in Ramallah, in the presence of Mr. Joseph Nesnas, Regional Manager of Cairo Amman Bank – Palestine; Mr. Firas Najjab, Deputy Regional Manager for Banking Business; Mr. Sami Qreitem, Director of Retail Banking; and Ms. Diala Khashan, Marketing and Digital Transformation Manager. Representing Neo Cash were Mr. Marwan Saqer, Vice Chairman, and Mr. Amjad Bishtawi, General Manager, along with a number of department managers from both organizations.
The agreement reflects both parties’ commitment to supporting digital transformation and advancing the electronic payments ecosystem in Palestine by providing merchants with secure, convenient, and flexible solutions for accepting digital payments.
The partnership will enable Cairo Amman Bank’s merchant customers to access NeoCash POS solutions, allowing them to accept card payments through modern Point-of-Sale terminals. The partnership will also introduce SoftPOS, allowing compatible smartphones
to function as payment acceptance devices, providing merchants with a flexible alternative to traditional POS terminals.
Through SoftPOS, merchants can accept contactless payments directly through their smartphones, offering a convenient solution for businesses operating both within and outside traditional retail environments. The solution also supports digital receipts and transaction reporting, helping merchants improve operational efficiency while reducing reliance on paper-based processes.
The partnership reinforces Cairo Amman Bank’s commitment to accelerating digital transformation and enhancing the services offered to its retail and business customers. By expanding its digital payment capabilities, the Bank continues to provide innovative solutions that respond to the evolving needs of businesses and contribute to a more seamless customer payment experience.
For NeoCash, the partnership represents another step in expanding the adoption of digital payment solutions in the Palestinian market. NeoCash provides a range of electronic payment services, including POS, SoftPOS, and online payment solutions, in cooperation with banks and financial institutions operating in Palestine.
The agreement is expected to contribute to the expansion of the electronic payment’s acceptance network, enabling more businesses, particularly small and medium-sized enterprises, to adopt digital payment methods and provide their customers with faster, safer, and more convenient payment options.
This partnership reflects the importance of collaboration between the banking and fintech sectors in developing Palestine’s digital payments infrastructure and supporting the transition toward a more inclusive and digitally enabled economy.