Emirates News Agency – Abu Dhabi Islamic Bank launches ADIB PAY

ABU DHABI, 29th December, 2022 (WAM) — The Abu Dhabi Islamic Bank, ADIB, on Thursday announced a partnership with Token Enable to launch the region’s first tokenized Tappy Technologies, a provider of contact payment methods, and Visa, a global leader in digital payments.

Samih Awadhalla, ADIB Acting Global Head of Retail Banking, said: “As we further develop our digital capabilities, ADIB continues to roll out innovative digital payment services. Together with our partner Tappy Technologies, we are proud to launch the region’s first tokenized Contact payment deduction and visa.”

The setup process for ADIB PAY is quick and easy. First, a customer’s ADIB Visa card is tokenized through an ADIB PAY-enabled application powered by Tappy’s Token Enablement Service (TES) solution. Second, using the companion Universal Passive Provisioning Unit (UPPU) connected to ADIB PAY via Bluetooth, the digital card is automatically provisioned to the chip embedded in the payment fob.

Once configured, customers can quickly and easily make payments with the tap of their watch and be able to instantly view their ADIB PAY transaction history in the app.

Wayne Leung, CEO of Tappy Technologies, said: “As Visa’s authenticated technology partner, Tappy extends the power of the Web Token Service to protect customers’ sensitive payment credentials on wearable devices. Through the UPPU technology developed by Tappy, consumers can Digitizing their payments takes seconds and turns their traditional watch into a contactless payment accessory, all without charging.”

Salima Gutieva, Visa Vice President and UAE Country Manager, commented: “Wearable technology is a rapidly growing sector, especially as digitally savvy younger generations increasingly demand a seamless cashless payment experience. By integrating Tappy’s technology Combined with our highly secure tokenization technology, ADIB can meet customer needs for security and convenience at a time when contactless payments are important.”