Foodics, the award-winning restaurant and payment technology company, has partnered with MoneyHash, the region’s leading payment orchestration and revenue operations platform, to enhance operational efficiency for restaurants and food service businesses across the MEA region.
By driving innovation, Foodics empowers food and beverage (F&B) businesses to succeed in a rapidly evolving market. Over the last 10 years, it has established itself as the number 1 technology solution for restaurant management.
Since its launch in 2014, as a fintech company officially licensed by the Saudi Central Bank (SAMA), Foodics has witnessed significant growth, processing over 2.5 billion orders through its platform.
The partnership’s success began in 2022 with a rollout for Krispy Kreme, integrating Nigerian payment providers aimed at enhancing operations. Since then, MoneyHash has supported Foodics in onboarding numerous merchants across the MEA region, including leading brands like KFC in Egypt and Emirates Catering in the UAE.
MoneyHash’s pioneering solutions have enabled Foodics’ merchants to achieve: 90 percent cost reduction in expansion operations; accelerated time-to-market, minimizing implementation timelines from 2 years to just 3 months; seamless scalability and enhanced market presence.
Shaping the Future of Payment Solutions
To further empower Foodics and its merchants, the next chapter of the partnership includes three key developments:
Payment Performance Optimization: Minimizing payment failures and elevating user experience for customers.
QR Code Payments: Offering contactless, seamless payment options in-store.
Pay-by-Link for Phone Orders: Introducing a call center solution, which allows smaller restaurants to process phone orders efficiently.
Through this strategic partnership, MoneyHash and Foodics are not just addressing current operational challenges but are also redefining the MEA restaurant market, valued at approximately $33.71 billion.
Nader Abdelrazik Co-founder and CEO – MoneyHash
“Our partnership with Foodics marks a significant milestone in transforming payment operations for the F&B sector in MEA. By combining our advanced payment orchestration capabilities with Foodics’ robust restaurant management platform, we’re creating a more efficient and reliable payment ecosystem for thousands of restaurants across the region.”
Ahmad AlZaini, CEO of Foodics, commented that, “This strategic partnership with MoneyHash aligns perfectly with our mission to empower restaurant owners with cutting-edge technology solutions. By integrating MoneyHash’s advanced payment orchestration capabilities, we’re enhancing our ability to provide seamless, reliable payment processing for our merchants while making the entire process easier for time-pressured consumers.”
The MEA restaurant market is valued at approximately $33.71 billion. This represents significant opportunities for innovation and growth. By integratind MoneyHash’s innovative solutions with Foodics’ industry-leading restaurant management platform, this partnership is set to revolutionize F&B operations, empowering businesses to scale efficiently and succeed in a highly dynamic market.
