Al Maria Community Bank (M Bank) and DigiPayz Group Partnered to offer digital wallets in the United Arab Emirates.
This collaboration will combine the capabilities of Mbank’s digital bank and Dgpays’ FinTech platform to help integrate business owners, entrepreneurs and freelancers. digital payment In a press release on Tuesday, April 18, the two companies said they would enter the business.
“Our goal is to provide a digital wallet in dirhams to facilitate the electronic payment process for all segments of society, including individuals, thereby enabling us to offer our customers a full range of financial services in a simple and simple way. To provide businesses with a secure platform, Mohamed Wasim Kayata, CEO of Al Mariah Community Bank, said in a release:
According to PYMNTS research, the United Arab Emirates is home to a young and vibrant mobile-first e-commerce market, with 65% of shoppers, whether shopping in-store or remotely online, recently I used my phone in some way on my retail trips.
Percentage of UAE consumers using mobile phones for checking product reviews, paying with mobile wallets, tracking e-commerce orders, and using navigation apps to find products in stores are found in Australia, Brazil and Mexico , higher than the percentage of US consumers. According to “The 2022 Global Digital Shopping Index: UAE Edition”, PYMNTS and cyber source collaboration.
The digital wallet created by the partnership between Mbank and Dgpays will enable businesses to offer financial services to their customers and meet the growing consumer demand for digital products and services, according to a press release.
“We believe that by working together, we can expand our reach and serve our business globally. [Middle East and North Africa (MENA)] A region with best-in-class financial solutions needed to succeed in today’s digital economy,” said CEO and founder of Dgpays Group. M. Serkan Omerbeyoglu mentioned in the release.
Other recent partnerships formed to serve customers in the United Arab Emirates or the MENA region include: Astra Tech and master Card Working together to issue digital and physical cards in MENA, Mashrek and i2c Working together to provide digital payment solutions in the United Arab Emirates, Oredu and Huawei Partnered to offer a mobile money platform in MENA.
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