Today Cardtek, an advanced international payment solutions provider, is delighted to announce its partnership with Emcredit, a subsidiary of the Dubai Economic Department (DED). The purpose is to launch the secure mobile payment platform, emPAY, offering United Arab Emirates residents a national mobile wallet solution.
As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers, educational institutions, and transportation companies, into a common platform where consumers are easily able to access and pay for a wide variety of services from a single mobile wallet platform. Through the collaboration, consumers in the UAE will be able to make retail payments (in-store and remote payment), initiate money transfers, pay for government utilities, telecommunication, and school fees, among many other options, from a single mobile wallet.
Cardtek will provide Emcredit the payment infrastructure, along with mobile industry knowledge, operational services and product enhancements to support future needs. The solution uses NFC technology and allows consumers to use both mobile devices and wearables.
“We have great confidence that this partnership will ease UAE’s citizens’ life in terms of payments and bring new opportunities and benefits to the UAE’s economic development,” said Ayse Nil Sarigollu, the CEO of Cardtek. “We have had resounding success in the international arena with numerous accomplishments with clients in four continents through proactively following the changes in the Fintech sector. Utilizing our industry foresight, we continue to offer a dynamic competitive edge to our customers and partners.”
“The collaboration to launch this unique initiative of DED will simplify the life of consumers and merchants alike, creating a better, safer, and faster payment eco-system for all,” said Muna Al Qassab, the CEO of Emcredit Limited. “With emPay, our goal is, and will always be to push the boundaries of innovation to give the people of UAE smarter yet simpler ways to conduct financial and non-financial transactions. emPay is poised to change the very way we transact, offering speed and security like never before."