During the five-year partnership, Fime will provide consultancy and testing services to support nexo standards compliance. The pair will also drive alignment with major global payment scheme requirements.

Fime will help test AFSOL’s payment terminal solution in line with the nexo Implementation Specifications (NIS) v4.0, soon to be followed by v5.0. This will increase user trust in its payment acceptance solutions by ensuring interoperability.

Mohamed El Yaklifi, CEO at AFSOL, comments: “We believe that the payment industry should offer merchants open, universal and cost-effective payment solutions. AFSOL is committed to revolutionizing the industry through adoption of open standards, which we have been using for twelve years to develop universal solutions. As part of this strategic development, we needed a recognized international player like Fime to provide us with long-term support for the certification of our solutions."

Stephanie El Rhomri, VP Europe and Africa at Fime, adds: “Interoperability and reliability are key strategic differentiators to meet the changing needs of end users. Our experts will empower AFSOL to develop flexible solutions that deliver convenient and secure payment acceptance. This collaboration is about creating forward-looking solutions that can evolve as new payment methods and initiatives emerge. These include innovative frameworks such as the European Payments Initiative (EPI) and the digital euro.”