TSYS signs payments agreement with QIIB

Updated 19 May 2017

TSYS signs payments agreement with QIIB

TSYS (NYSE: TSS) has announced that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.
QIIB is an award-winning Islamic bank that will leverage PRIME as a consolidation platform to manage all of its card issuing and multi-channel acquiring. By migrating to PRIME, QIIB will be able to improve operational efficiencies across its business, enabling it to better grow its current market offerings, covering Shariah-compliant revolving, debit and prepaid card products with EMV and contactless support, in addition to supporting eCommerce issuing with its integrated next generation TSYS InterActivSM technology.
“We selected TSYS on the strength of its global and domestic experience in order to ensure that QIIB has best-of-breed tools to continue our commitment to enhance and deliver top-quality products and services to our customers,” said Mohammed Al-Mawlawi, general manager, chief business development and marketing at QIIB.
He added: “By consolidating our cards onto the PRIME payments platform, QIIB will be able to further enrich our clients’ payment options at much lower costs.”
TSYS’ PRIME 4 solution is fully compliant with the Payment Card Industry (PCI) Payment Application Data Security Standard (PA-DSS).
“We are pleased that QIIB has selected TSYS for its payments platform. We are committed to the Qatari market where we have a high level of expertise and knowledge. We will work closely with QIIB to help it meet its growth objectives and contribute further to the development of the Qatari payments market as a whole,” said Rene Kruse, chief operating officer, PRIME Business Solutions and group executive, TSYS International.
TSYS has approximately 400 clients across more than 80 countries around the globe. Its licensing footprint across the Middle East and Africa region — where it currently supports more than 30 PRIME clients — dates back to 1989.

BMW Group Middle East names new managing director

Dr. Hamid Haqparwar
Updated 19 September 2018

BMW Group Middle East names new managing director

Dr. Hamid Haqparwar, 38, currently director of sales and marketing at BMW Group Middle East, has been appointed as the managing director of BMW Group Middle East with effect from Oct. 1. 

Dr. Haqparwar is an automotive professional with and extensive international background. He started his career at BMW Group headquarters and has held different senior management roles within BMW since then. Before joining BMW Group Middle East, Dr. Haqparwar was employed as the director sales and director of sales channel development for BMW India. The Middle East is not new to him since he already was a sales area manager and the head of product management in the region from 2008 to 2012. In his new role as managing director, he will be responsible for driving the BMW Group business and sales forward across 13 markets in the region. 

Dr. Haqparwar completed his Ph.D at the University of St. Gallen, Switzerland, holds an MBA degree from Western Carolina University in the US and graduated in business administration from the University of Mannheim, Germany. 

He replaces Johannes Seibert, 57, who left BMW AG on July 31.

Hendrik von Kuenheim, senior vice president, Africa, Russia, importer markets Eastern Europe and Middle East, said: “We are delighted to welcome Dr. Hamid Haqparwar in his new role as managing director of BMW Group Middle East. We have every confidence that his in-depth knowledge of brand, product and dealer development as well as his sales and marketing expertise will help to further strengthen the BMW and MINI brand in the region. With his long-standing experience and dedication to the market we are convinced that he will provide valuable guidance and contribution to the continued business success of BMW Group in the region. 

“I would also like to take this opportunity to thank Johannes Seibert for the many years of personal commitment at BMW Group Middle East. Under his leadership we have seen record sales in a very challenging environment.”

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is a leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 30 production and assembly facilities in 14 countries; the company has a global sales network in more than 140 countries.