The new solution offers businesses a collection of antifraud features, designed to keep online merchants secure and their customers safe.
Speaking at the Seamless Middle East forum in Dubai today, Ronaldo Mouchawar, CEO and founder of Souq.com, said that the $580 million Amazon acquisition in 2017 put the UAE at the forefront of technology innovation, but there is still much to be done in the region’s e-commerce space.
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.
The Ejar network will provide many electronic services to all parties of the rental process, such as contract documentation and e-payments.
In collaboration with Roubini ThoughtLab, Visa examined the economic impact of increasing the use of digital payments in major cities around the world.
Batelco has stated that over 40 brands alongside 300 retail outlets have already signed up to make the bWallet service available for their customers.
The Dynamic Currency Conversion (DCC) solution offers international visitors the choice to pay in Saudi Riyals or their local currency.
The new feature enables customers to shorten several steps in electronic payments, with all customer service centres now supported by Apple Pay.
“For Bahrain to own its digital economy, we need a proper ecosystem that will have a network with end-to-end digitisation. I think that will take at least two years more for Bahrain, even though we have a robust beginning,” said B. Chandrasekhar.
Visa has announced that its Everywhere Initiative, an programme designed to encourage the development of the ‘next big thing’ in payments, will expand into the Middle East and North Africa (MENA) region.