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Abu Dhabi Islamic Bank (ADIB) announced on Thursday that it has partnered with token-enabled service provider Tappy Technologies and global digital payments leader Visa to launch the region’s first tokenized contactless payment method through the “ADIB PAY” option.
ADIB’s acting global head of retail banking, Samih Awadhalla, said ADIB will continue to roll out innovative digital payment services as “we further develop our digital capabilities”.
“We are proud to launch the region’s first tokenized contactless payment buckle with our partners Tappy Technologies and Visa,” he said.
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 a 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.
“As Visa’s authenticated technology partner, Tappy extends the power of the Web Token Service to protect customers’ sensitive payment credentials on wearable devices. With UPPU technology developed by Tappy, consumers can send their payment cards and turn their traditional watch into a contactless payment accessory that doesn’t need to be charged,” said Wayne Leung, CEO of Tappy Technologies.
Salima Gutieva, Visa vice president and UAE country manager, said wearable technology is a fast-growing sector, especially as digitally-savvy younger generations increasingly demand a seamless cashless payment experience.
“By combining Tappy’s technology with our highly secure tokenization technology, ADIB can meet customer needs for security and convenience at a time when contactless payments are important,” Gutieva said.
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