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FinTech in UAE: UAE residents now have new ways to spend and save money


Dubai: Sit on your couch, and pay off your bills, save some money, invest those savings, do some interest-free installment shopping, and while you’re at it, don’t forget to pay your friend back for that lunch. The coronavirus pandemic economically crippled many individuals and businesses, but it also gave rise to a number of companies who offered people in the UAE exactly what they needed in that hour – easier, contactless, budget-friendly ways to handle and spend money, right from home.
Financial services integrated with the latest technology for automation, or FinTech, has been around for some time – if one considers everything starting from the world s first ATM in 1967. However, the coined term itself became very popular in only the last couple of decades, with the internet, the smartphone age, and everything that came after that. ....

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Dubai Economy signs MoU with Empay


Dubai Economy signs MoU with Empay
reporters@khaleejtimes.com
Filed on December 23, 2020
Empay was launched as part of the efforts of Dubai Economy to enhance the cashless payments ecosystem in the country
Dubai Economy has signed a memorandum of understanding with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem.
The agreement will enable customers of Dubai Economy to have an instant credit facility and complete licensing transactions within five minutes. Users registering on Empay can have their Emirates ID scanned on the app, following which a digital card with an instant credit balance will be generated in two minutes. The digital card, which is powered by Mastercard, will enable users to complete payments in a smooth, fast, smart, and secure manner. Empay can be downloaded from Google Play Store and ....

United Arab Emirates , Mohammed Hassan Al Shehhi , Muna Al Qassab , Corporate Support Services , Emirates Payment Services , Google Play , Dubai Cashless Working Group , Dubai Economy , Google Play Store , Emirates Payment , Dubai Paperless Strategy , ஒன்றுபட்டது அரபு அமீரகங்கள் , பெருநிறுவன ஆதரவு சேவைகள் , அமீரகங்கள் கட்டணம் சேவைகள் , கூகிள் விளையாடு , துபாய் பணமில்லாது வேலை குழு , துபாய் பொருளாதாரம் , கூகிள் விளையாடு கடை , அமீரகங்கள் கட்டணம் , துபாய் காகிதமற்றது மூலோபாயம் ,