Digital Financial Services, a joint venture of Etisalat and Dubai Islamic Bank and the operator of eWallet services, has partnered with Al-Futtaim to roll out contactless payment options for eWallet users across the UAE.
Digital Government MENA
As part of the continued efforts to provide seamless and secure payment methods and tools to pay government services fees in the Emirate, the Abu Dhabi government services ecosystem, TAMM has added PayBy to facilitate contactless payment through its strategic partner First Abu Dhabi Bank (FAB).
The Global Islamic Fintech Report (GIFT) 2021 presents that out of 64 key Islamic Fintech markets, the Organization of Islamic Cooperation (OIC) member countries dominate the top 10, particularly Malaysia, Saudi Arabia, United Arab Emirates (UAE), and Indonesia.
The Saudi Central Bank (SAMA) announced the licensing of International Digital Solutions Company to provide electronic wallet service (electronic transfer and payment service) and Azm Fintech Company to provide payment services through (SADAD Bill Aggregation Services).
In a bid to increase UAE's industrial revenues to 300 billion dirhams ($81.68 billion) over 10 years, Dubai Ruler Mohammed bin Rashid Al-Maktoum and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan announced the plan on Twitter.
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