Cardtek, Emcredit Partner For National Mobile Wallet Solution

Cardtek EMCreditCardtek, an international payment solutions provider, and Emcredit, a subsidiary of the Dubai Economic Department, have partnered 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 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 both in-store and remote, 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 basically uses NFC technology, and allows to use not only the handset of mobile devices but also the 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. 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,” said Cardtek CEO Ayse Nil Sarigollu.

“We are extremely pleased with our partnership with Cardtek. This 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. 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,” added Muna Al Qassab, CEO-Emcredit Limited.

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