When new regulations are in place, the challenge is to comply without reducing value and without missing the focus to the core business. It is thus important to rely on solutions that can meet all the requirements, are cost effective and can be implemented on time with the minimum impact and stress to the organisation. 

January 1st has marked the beginning of the 2^nd phase of ZATCA eInvoicing mandate for retailers in Saudi Arabia with more than 4bn of SAR revenue required to comply.  

After investing for the past few months to build a solution that can meet the demanding requirements of ZATCA and enable retailers to comply, we are excited to welcome the first users of the PHILOBROKER ZATCA eInvoicing solution.  

Some of these are existing users of PHILOSHOPIC solutions while others are using our solutions for the first time. Common to all is that they trusted our team’s professionalism and worked closely together to meet the objectives. The journey for compliance is though not static. The ZATCA requirements and platform are still under finetuning thus we remain committed to work closely with our partners and users on an ongoing basis. At the same time, we are looking forward to welcome more users in Q3 when a new wave of retailers will be requested to start their compliance journey.  

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PHILOSHOPIC contributes to the efforts of the local authorities to improve public transportation aiming at reduced traffic jams and environmental impact, by enabling the purchase of bus travel cards re-charge at hundreds of convenience stores served by Kronos and other large supermarkets and digital channels. The innovative SMASH eVouchers solution was integrated with the Cyprus Public Transport (CPT), now enabling Kronos and its merchants to sell eVouchers to top up rechargeable, personalised and student cards. 

The SMASH eVouchers solution has made topping up of smart cards easier than ever before as customers are able to top up their E-Wallet at hundreds of points of sale such as the closest Kiosk in the neighbourhood with face-to-face payment including cash. No longer will customers in Cyprus have to top up their cards at the CPT offices as their only option, improving the experience for people who ride public transport by making purchasing bus rides more convenient.

For us, this is another project demonstrating the increasing flexibility of SMASH eVOUCHERS to integrate with various operators and enable distributors and merchants to remain competitive with modern technologies that are cost effective, flexible and facilitate a seamless customer experience.