Ottu, a fintech company operating within the Gulf Cooperation Council (GCC), has announced its strategic partnership with Keyloop, a provider of automotive retail digital payments.
Ottu, in collaboration with Keyloop, promises to deliver an end-to-end, seamless payment experience, according to a press release.
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Ottu is an online payment gateway management system (OPMS) that empowers enterprises and automotive retailers to securely manage consumer online payments.
The solution integrates multiple online sales channels and payment methods, allowing retailers to connect directly to payment gateways provided by their local banks, and enabling the acceptance of online payments via debit and credit cards.
The partnership with Keyloop will enhance Ottu’s expertise in dealership payment management through an incorporated and secure payment gateway. It permits clients to restructure payment processes, reduce friction and enhance customer satisfaction.
The partnership aims to transform the way dealerships and customers handle remote payments
This integration addresses a pressing need for easy end-to-end reconciliation and simplifying the payment transaction process for all parties involved.
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By GlobalDataThis solution offers automotive retailers multiple payment integration points, including e-commerce, mobile applications, DMS, and payment links, ensuring streamlined reconciliation.
Munaf Bukhari DCEO of Ottu, said: “We are thrilled to join forces with Keyloop, a company that shares our vision of driving innovation and fintech efficiency in the automotive sector. Our partnership will not only optimise payment solutions but also set a new standard for customer experience in the industry.
Keyloop’s extensive network, automotive expertise and connected product capabilities through their composable Automotive Retail Platform, Fusion, combine seamlessly with Ottu’s robust payment orchestration. Together, they deliver a unique solution that equips dealerships with the tools they need to excel in the automotive landscape.
The GCC is a political and economic alliance of six Middle Eastern countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.
