Kellton Tech (BSE&NSE: KELLTONTEC), a global leader in digital transformation, announced that it is helping Riyada Digital, an emerging company in Saudi Arabia, build a customer-facing digital e-commerce platform. This platform will unveil its proprietary currency that will be instrumental in driving cashless adoption.
As a strategic digital partner, Kellton Tech will bring demonstrated skills and leading technical capabilities to design, develop, and deploy a futuristic platform that allows faster, zero-fuss payments via a proprietary digital wallet. Further, it will empower physical stores with new levels of service and technology expertise to eliminate dependence on cash and go cashless, therebyfacilitating improvedcustomer experiences, enhancing sales, and effectively countering the competition posed by online giants.
Malek A. Al Qureshi, Chairman-Riyada Digital, is the mind behind this disruptive e-commerce platform and a digital visionary in his own right. By leveraging his unique, pragmatic, and innovative entrepreneurship skills, he aims to redefine the e-commerce and cashless payments industry and create personalized retail experiencesusingdata.
Karanjit Singh, CEO, India, said: "We are pleased to be selected as a long-term digital transformation partner by Riyada Digital. Through our deep knowledge and domain expertise, we will facilitate our client's objective in revolutionizing the retail and e-commerce landscape in Saudi Arabia and keep them poised to deliver a competitive advantage. Our expertise in delivering value to our clients will help them meet strategic goals and emerge as more agile, productive, and innovation-driven."
Mohammed Moizuddin, CEO - Riyada Digital, said: "As a leading industrial e-commerce company, our ongoing commitment to innovation is essential to ensure customer satisfaction.Our association with Kellton Tech is a step in this direction. This partnership will help us increase our technical differentiation in new-age technologies while accelerating cost optimization and competitiveness. Given the successful track record of Kellton Tech in digital transformation services, they are the right partner to support our goals set out in the coming years."
Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.49.35 as compared to the previous close of Rs. 47. The total number of shares traded during the day was 81866 in over 315 trades.
The stock hit an intraday high of Rs. 49.35 and intraday low of 48.05. The net turnover during the day was Rs. 4032437.