Brink's and Meedaf forms strategic alliance to revolutionize cash and ATM operations in the UAE
Abu Dhabi, UAE – Brink's, a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, has agreed a strategic joint venture (JV) with Meedaf, the ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC.
Under the terms of the JV, the Brink's-Meedaf alliance will revolutionize the UAE and wider region's cash management and ATM managed services industry, ushering in a new era of efficiency, security, and innovation.
As the first strategic partnership in the Middle East & North Africa (MENA) region on the Meedaf platform, the new joint venture with Brink's will empower financial institutions' innovation potential by harnessing Brink's global technology, infrastructure, and operational expertise to establish elevated standards in cash management and ATM managed services throughout the UAE and beyond.
The collaboration will deliver fully integrated solutions encompassing cash-in-transit, money processing, ATM managed services, and digital retail solutions, including deposit machines, cash recyclers, and kiosks. Through the integration of advanced technologies, businesses can enhance operational efficiency and reduce costs across their cash ecosystem.
Brink's brings decades of global experience in managing complex, high-volume operations, coupled with proprietary systems that optimize route planning, crew deployment, and cash centre performance. These advanced capabilities are now seamlessly integrated into Meedaf's offerings, enabling financial institutions to reduce complexity, enhance consistency, and streamline day-to-day operations.
Meanwhile, Meedaf's unparalleled regional experience will enable the joint venture to include cutting-edge technologies and advanced capabilities to ensure smarter, more secure operations and control across the entire cash ecosystem.
Nader Antar, EVP and President, Brink's IMEA and APAC and Brink's Global Services, said: 'We are excited by the opportunity to collaborate with Meedaf to create a truly transformative service model. By providing a uniquely competitive value proposition, superior services, and solutions bridging physical and digital commerce, we aim to set a new standard in the UAE market for cash management, digital retail solutions and ATM management services.'
Following its launch in the UAE, this strategic joint venture is set to transform the regional industry, driving operational transformation that combines innovative solutions with industry-leading standards. It also marks a major step forward in Meedaf's expansion into key regional markets
Eng. Abdulla Abdul Aziz AlShamsi, Managing Director at Meedaf, commented: "Our joint venture with Brink's underscores Meedaf's unwavering commitment to revolutionizing financial services through cutting-edge innovation and strategic alliances. By harnessing Brink's unparalleled global expertise in cash management, we are poised to deliver exceptional operational efficiency and security to financial institutions across the region. This collaboration represents a pivotal stride towards realizing our vision of a more agile and resilient financial ecosystem, setting new benchmarks for excellence and transforming the landscape of financial services in the UAE.
About The Brink's Company
The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call +1-804-289-9709.
About Meedaf
Based in Abu Dhabi Global Market (ADGM), Meedaf is a financial services platform with interests in a portfolio of companies that provide institutions across the GCC with advanced financial, automation, security and operational solutions. Our offerings allow clients across the financial ecosystem to reduce costs, improve efficiency and unlock greater value. Visit www.meedaf.com for more information
Brink's UAE
Windalyn Goma
windalyn.g@actionprgroup.com
+971 521655369
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
21 minutes ago
- Gulf Business
5G-Advanced: e& UAE sets new world record for connectivity
Image credit: WAM/Website e& UAE, the flagship telecom arm of e&, has set a new world record for connectivity by achieving an uplink (UL) speed of 600Mbps on a live 5G network—a major milestone in the evolution of 5G-Advanced. Read- This achievement was enabled by aggregating FR1 bands at 2100MHz and C-band, paired with uplink 3Tx (three transmit antennas) on commercial Customer Premises Equipment (CPE) at a live 5G site. The deployment is fully compliant with 3GPP Release 17 standards, This record-breaking uplink speed represents a cornerstone of 5G-Advanced, empowering uplink-heavy applications with unmatched performance. By leveraging FR1 band aggregation and cutting-edge uplink technology, e& UAE has established a new global benchmark for 5G excellence. Abdulrahman Al Humaidan, Vice President of Fixed Access Network at e& UAE, stated: 'e& UAE's world-record 600Mbps uplink speed is a strategic step forward, catalysing a new era of hyper-fast, uplink-driven digital innovation. This is not just a technological milestone—it's a launchpad for reshaping the digital world and solidifying the UAE's role as a global tech leader.' A new era for enterprise and smart infrastructure The 600Mbps uplink enables a new wave of connectivity, enhancing uplink-intensive applications across both business and consumer landscapes. Enterprises can now enable real-time sensor data uploads in smart factories and logistics hubs, advancing AI-driven automation and predictive analytics. Cloud-hosted collaboration will also benefit, supporting instant uploads for 3D modelling, augmented reality (AR), and virtual reality (VR) workflows, driving the next wave of digital creativity. Uplink-focused solutions like live video analytics, smart city monitoring, and drone surveillance will thrive, thanks to instant data uploads for mission-critical decisions. Empowering everyday users in the 5G-advanced world For consumers, this leap forward will transform digital lifestyles—allowing content creators to upload 8K videos and stream immersive content to platforms like YouTube and TikTok in seconds. Gamers will enjoy lag-free cloud gaming, while smart homes will instantly upload high-definition footage and IoT data, boosting efficiency and responsiveness. Applications such as virtual event hosting and user-generated AR content will flourish, offering faster, richer, and more immersive digital experiences. Based on 3GPP Release 17, this deployment takes advantage of enhanced mobile broadband (eMBB) and ultra-reliable low-latency communications (URLLC), laying the groundwork for scalable, energy-efficient 5G networks. With this successful deployment on a commercial CPE and a live 5G site, e& UAE has demonstrated its ability to turn vision into reality. By optimizing FR1 2100MHz and C-band with Uplink 3Tx, the company is paving the way toward a hyper-connected future. Once such CPEs become widely available, e& will be well-positioned to empower both consumers and enterprises with next-generation connectivity.
Khaleej Times
29 minutes ago
- Khaleej Times
Dubai gaming ecosystem expands rapidly with 350+ companies
More than 60 new gaming companies have set up shop in Dubai since the emirate launched its Dubai Program for Gaming 2033 'DPG33' in November 2023, marking a growth rate of 16.6 per cent since the launch of the programme, data showed Overseen by the Dubai Future Foundation, the Dubai Program for Gaming 2033 'DPG33', has announced that Dubai is home to more than 350 companies, with 260 of them categorised as specialised game developers, contributing overall to a global industry valued at $200 billion globally. The gaming industry has emerged as one of Dubai's most promising economic sectors in recent years. Khalfan Belhoul, CEO of the Dubai Future Foundation, said: 'The recent achievements in the Dubai's gaming industry reflects the success of the city's vision for its future economy — one built on economic diversification and the proactive investment in current and future development opportunities. The gaming sector holds unprecedented economic potential, and Dubai was — and will remain — a land of opportunity and a destination for innovators and creators. The industry offers a wealth of unprecedented opportunities thanks to the supportive ecosystem for entrepreneurs and innovative ideas in advanced technology sectors, particularly game development, which is a key driver in enhancing Dubai's global competitiveness and in achieving the goals of the Dubai Economic Agenda (D33).' DPG33 aims to position Dubai among the world's top 10 global gaming hubs over the next decade, with 30,000 new jobs and a $1 billion boost to GDP by 2033. It focuses on nurturing talent and entrepreneurship, embracing technological advancements, and fostering digital content development, while creating training and employment opportunities with leading global firms and academic institutions, and leads a variety of local and international events, exhibitions, and partnerships that strengthen collaboration between individuals, businesses, and regulatory bodies in Dubai and beyond.
Khaleej Times
29 minutes ago
- Khaleej Times
Dewa adds 800MW of clean energy production capacity to its energy mix in 2025
The total production capacity of the Mohammed bin Rashid Al Maktoum Solar Park has increased to 3,860 megawatts (MW), using photovoltaic (PV) solar panels and concentrated solar power (CSP) technologies. Since the beginning of this year, DEWA has added 800MW from the sixth phase of the solar park, bringing clean energy's share to approximately 21.5% of its total production capacity. 'The Mohammed bin Rashid Al Maktoum Solar Park is our key project to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of the emirate's energy production capacity from clean sources by 2050. By 2030, the solar park's production capacity will reach 7,260MW, with clean energy making up 34% of DEWA's energy mix. This will reduce approximately eight million tonnes of carbon emissions annually,' said Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa). The first phase of the Mohammed bin Rashid Al Maktoum Solar Park, with a capacity of 13MW using PV solar panels, was commissioned in October 2013. In March 2017, the second phase, with a capacity of 200MW, was inaugurated. It also uses PV technology and was the first solar energy project of its kind in the region based on the independent power producer (IPP) model. In November 2020, the third phase of the solar park was inaugurated with a capacity of 800MW. This phase, also using PV technology, was the first in the Middle East and North Africa to use single-axis solar tracking to enhance energy generation. In December 2023, the fourth phase of the solar park was inaugurated with a total capacity of 950MW, combining CSP and PV panels. It uses three hybrid technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower and 250MW from PV solar panels. In June 2023, the fifth phase, with a capacity of 900MW, was inaugurated using photovoltaic panels. DEWA is currently working to complete the sixth phase of the solar park, with a capacity of 1,800MW using PV panels. DEWA has invited international developers to participate in the implementation of the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will have a capacity of 1,600MW. This phase, which is expandable to 2,000MW, will utilise PV solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours. This will make it one of the world's largest solar-plus-storage projects. The phase will be implemented under the IPP model.
