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First Abu Dhabi Bank (FAB), with the support of its affiliate Magnati, through the Port Customs and Free Zones Corporation (PCFC), has partnered with PayRow Net to build a best-in-class digital payments platform to drive Dubai towards a cashless economy.
Government entities and merchants will now be able to receive payments from customers in a simple, flexible, unified and secure manner.
Simplification and automation of tax collection will also help government entities plan and forecast better and focus on their core businesses and services.
To improve service delivery, the platform enables users to pay for government services through various digital means, including point-of-sale transactions, card payments and digital wallets. Additionally, FAB will partner with PayRow to issue a co-branded prepaid card to facilitate seamless and secure payments.
Mustafa Al Khalfawi, Head of Global Banking UAE and Global Head of Government, Sovereigns and Public Sector at FAB, said: “We are delighted to partner with PCFC to deliver a seamless solution and build a best-in-class digital payments platform. FAB’s overall commitment to technology Ensuring we keep pace with innovation so our partners can develop their digital capabilities.”
Ramana Kumar, CEO of Magnati, said: “Magnati is delighted to support FAB’s partnership with PCFC and PayRow Net to usher in the next era of digital payment infrastructure. This partnership combines FAB’s technical expertise with Magnati’s payments know-how, To transform PCFC’s payment platform to support Dubai’s transition to a cashless economy.”
The new payments platform is a continuation of Dubai’s efforts to advance the cross-sector payments sector, covering public and government sectors such as utilities, transport, logistics, social services, healthcare and public convenience.
Ghanim Bin Wogayeh, CEO of PayRow Net, said: “We are delighted to partner with FAB, with the support of its affiliate Magnati, to expand our payment services by offering enhanced solutions that improve the customer journey. This partnership demonstrates our commitment to To provide best-in-class digital payment solutions to complement Dubai’s transition to a cashless economy.”
PayRow Net Payment Services and Technologies Solutions, a subsidiary of Ports Customs and Free Zone Corporation (PCFC), is facilitating access to a wide range of online payment methods such as Internet Banking, Credit Cards, Debit Cards by partnering with third party payment service providers , electronic wallet, cash invoice, etc. These methods not only improve the customer experience, but also ensure that customer transactions are conducted safely and securely.
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