UAE retailers have experienced an in increase in traffic in their store since they started accepting digital payments, according a recent study by Visa.
News, Software
Dubai Economy signs new deal to develop emCash
Emcredit, a subsidiary of Dubai Economy, and UK-based Object Tech Group have signed a partnership deal for the development and implementation of emCash.1 2651
Digital payments are more secure than cash: UAE consumers
According to the survey, UAE consumers are increasingly comfortable paying and transacting with card with 84 percent of respondents finding cards more secure than cash.
Dubai’s DFSA inks FinTech deal with Singapore authority
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have recently entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.
Chinese consumers in UAE can now use Alipay
Network International has partnered with Alipay to provide seamless payment services to Chinese shoppers in the UAE.
New mobile-based payment app launches in Saudi Arabia
Visa has partnered with mada to bring mada Pay, the first mobile payment solution that supports contactless (NFC) transactions in Saudi Arabia.
Apple Pay credit cards are coming soon
Apple is reportedly working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker’s digital wallet logo.
Telr to “prevent fraud before it happens” with new payment software
The new solution offers businesses a collection of antifraud features, designed to keep online merchants secure and their customers safe.
PayFort becomes first foreign KSA digital payments firm
PayFort, an Amazon company, has announced the registration of a new wholly owned company in Saudi Arabia via the Saudi …
Dubai residents can now recharge parking accounts using Nol cards
The new service, that currently operates on the Android RTA app platform only, is part of the Smart City initiative of the Dubai Government, and the ongoing efforts to deliver top and handy services to beneficiaries.
Digital payments could save Dubai consumers $200m: Visa
In collaboration with Roubini ThoughtLab, Visa examined the economic impact of increasing the use of digital payments in major cities around the world.