Breakthrough for SDS' technology in Iraq
SDS, in partnership with ZainCash Iraq, a leader in fintech within the region, has completed disbursement of COVID-19 emergency relief funds to the Iraqi population. The order worth SEK 1.2 million, from ZainCash Iraq, included a software license extension and contributed to revenue in the second quarter of this year. It is the first time SDS, with the help of its technology, supports a government with cashless transactions.
"Despite numerous challenges, we carried out a successful disbursement project with the support of the SDS team and platform. The project provided essential relief in seriously impacted regions and required flexibility and a significant increase in capacity. We are glad to have had SDS as a business partner throughout this process," says Yazen Altimimi, CEO of ZainCash Iraq.
Due to the economic decline following the global spread of COVID-19, the Iraqi government put in place swift measures to support economic activity. Emergency relief funds for one million households were approved, aimed towards assisting people to continue the fulfillment of basic needs despite being significantly hit financially due to the outbreak of COVID-19.
ZainCash Iraq was chosen to manage the distribution of funds and SDS platform for mobile financial services facilitated swift access to finances. Going forward, this technology will also help kickstart and accelerate sustainable development through the fintech innovation ecosystem.
"Our mobile financial platform backing Zain Cash continues to demonstrate the full benefits of digital transactions, especially under the exceptional crisis situation where physical contact must be avoided. We are proud to be on the front line of this battle against COVID-19 by contributing to the well-being and safety of the population. Our solution is robust and scalable and supports the need to rapidly digitize transactions. We are looking forward to supporting other customers and governments to put in place similar solutions," says Tommy Eriksson, CEO of SDS AB.
For more information contact:
Chief Financial Officer
+46 70 438 14 42
About Seamless Distribution Systems AB (SDS)
SDS is a Swedish software company group that provides solutions and services for digital sales and distribution to private consumers through mobile operators in emerging markets. The company offers its corporate customers a comprehensive solution for digital distribution and electronic transactions processing. SDS acquired eServGlobal in July 2019. The SDS Group now has customers in all parts of the world, with a footprint in more than 50 countries, reaching over 500 million mobile users through more than 2,000,000 active points of sale. SDS has approximately 220 employees in Sweden, France, Romania, Belgium, Ghana, Nigeria, USA, Pakistan, India, Indonesia, South Africa, Ecuador and the United Arab Emirates. With over 30 years of experience, SDS focuses on high-level customer satisfaction and efficient operations. SDS manages over 15 billion transactions annually, worth more than 14 billion US dollars and enables the growing populations in emerging markets to become part of the mobile revolution.
SDS shares are listed on Nasdaq First North Premier.
The company's Certified Adviser is FNCA Sweden AB, phone number 08-528 00 399, email: [email protected]
Seamless Distribution Systems (SDS) har lanserat ett uppdaterat produktutbud och en förnyad webbplats.
Seamless Distribution Systems (SDS) has launched an updated product offering and a renewed web-site.
Seamless Distribution Systems (SDS) har fått en strategisk order värd 8,0 miljoner SEK från en befintlig kund i Dubai för SDS:s Voucherhanteringssystem (VMS).
Seamless Distribution Systems (SDS) has received a strategic order worth SEK 8.0 million from an existing customer in Dubai for SDSs Voucher Management System (VMS).
SDS Gruppen får en uppgraderingsorder för sin Smart Sales & Distribution-produkt från en operatör i Nigeria
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SDS Group receives an upgrade order for the Smart Sales & Distribution product from an operator in Nigeria
Seamless Distribution Systems AB (SDS), has through its subsidiary Riaktr, received an order worth SEK 3.7 million for additional advanced features on its Smart S&D product from an existing customer in Nigeria.
SDS Gruppen får en uppgraderingsorder för sin Smart Sales & Distribution-produkt från en operatör i Zambia
Seamless Distribution Systems AB (SDS) har - genom sitt dotterbolag Riaktr - fått en order värd 1,4 miljoner kronor för uppgradering av sin Smart S&D-produkt från en befintlig kund i Zambia. Utöver uppgraderingsintäkten löper det en årlig licens med återkommande intäkter värda 1,1 miljoner kronor.
SDS Group receives an upgrade order for its Smart Sales & Distribution product from an operator in Zambia
Seamless Distribution Systems AB (SDS) has - through its subsidiary Riaktr - received an order worth SEK 1.4 million for the upgrade of its Smart S&D product from an existing customer in Zambia. In addition to the upgrade there is a yearly license with annual recurring revenue worth SEK 1.1 million
Seamless Distribution Systems AB (SDS) har genom sitt dotterbolag Riaktr fått en order värd 1,1 miljoner kronor från en ledande mobiloperatör i Senegal.
Seamless Distribution Systems AB (SDS) has through its subsidiary Riaktr received an order worth SEK 1.1 million from a leading mobile operator in Senegal.
Seamless Distribution Systems (SDS) har fått en order värd 3,6 miljoner SEK från en existerande kund i Djibouti. Affären avser driftsättningen av SDS flaggskeppsprodukt ERS 360°, som ersätter kundens befintliga lösning och underlättar digitaliseringen av kundens försäljnings- och distributionskanal.
Seamless Distribution Systems (SDS) has received an order worth 3.6 million SEK from an existing customer in Djibouti. The deal concerns the commissioning of SDS's flagship product ERS 360 °, which will replace the customer's existing solution and facilitate the digitization of the customer's sales and distribution channel.
Stockholm - Årsstämma i Seamless Distribution Systems AB har hållits i Stockholm torsdagen den 21 april 2022.
Seamless Distribution Systems AB