Cardtek Announces New Partnership with Emcredit
Cardtek is a universally known payment solutions provider with a lot to offer its customers. That statement holds even more water than ever before with an announced partnership with Emcredit, a subsidiary of the Dubai Economic Department, to launch the secure mobile payment platform, emPAY, offering UAE residents a national mobile wallet solution.
In tandem with 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 easily able to access and pay for an array of services from one mobile wallet platform.
As a result of the collaboration, consumers in the United Arab Emirates will be able to make retail payments, initiate money transfers, pay for government utilities, telecommunication, and school fees, among other things, from a single mobile wallet.
Cardtek will offer Emcredit the payment infrastructure, along with mobile know-how, operational services and product enhancement to support future needs.
“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,” said Ayse Nil Sarigollu, the CEO of Cardtek. “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.”
“The 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,” said Muna Al Qassab, the CEO of Emcredit Limited. “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.”