The Ministry of Human Resources and Emiratisation (MoHRE), in collaboration with Abu Dhabi Islamic Bank (ADIB), has introduced the “Digital Wallet” as part of its digital services initiative. This new service is designed to streamline payments for corporate customers and improve government service efficiency, aligning with the UAE’s strategy for comprehensive digital transformation across all...
Bahrain’s Arab Financial Services (AFS) has recently made its entry into the UAE’s competitive payments processing market, following the acquisition of a ‘Retail Payment Services License – Category 2’ from the UAE Central Bank. This license allows AFS to offer a range of payment solutions in a landscape already populated by established players like Magnati...
Egypt has officially introduced a new instant international money transfer service that allows citizens to receive remittances directly from the United Arab Emirates and Saudi Arabia. This service operates through a government-aligned digital wallet platform, enhancing the ease and security of receiving funds from abroad. The initiative enables users to access transferred money immediately without...
Al Ansari Financial Services is set to launch a new digital wallet, enhancing payment options for consumers in the UAE. The fintech platform, known as Al Ansari Digital Pay, has received final approval from the UAE Central Bank for its digital wallet initiative. This approval includes licenses for the Stored Value Facility (SVF) and Retail...
Visa has launched its Tap to Add Card feature in the UAE, a significant step forward in the realm of digital wallet integration. This innovative technology allows cardholders to add their Visa contactless cards to digital wallets simply by tapping them on their mobile devices. The Tap to Add Card feature enhances both security and...