Emirates Islamic teams up with emaratech to enable electronic payments for individuals, businesses
March 11, 2019
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has partnered with emaratech, a leading online technology solutions and consulting company in the Arab world to enable individuals and businesses to make electronic payments for a range of government services via the noqodi payment gateway.
Through the new tie-up, Emirates Islamic’s individual and corporate clients can top up their noqodi wallets and make eVoucher payments through various channels such as the bank’s smartBUSINESS platform, mobile app and online banking, and ATM machines. This will enable customers to seamlessly make online payments for services offered by government departments including Dubai Land Department, General Directorate of Residency and Foreign Affairs, Fujairah Municipality and more.
Commenting on the announcement, Salah Mohammed Amin, CEO of Emirates Islamic, said: “As one of the leading Islamic financial institutions in the UAE, Emirates Islamic is a keen supporter of Dubai’s vision of transitioning to digital payment methods, as it seeks to become a smart city.”
He continued, “We are confident that our new partnership with noqodi payment gateway will bring greater convenience and ease of use to our customers, and we look forward to greater collaboration and new joint initiatives in the near future to further enhance our services.”
Mr. Thani Alzaffin, General Director & Board member of emaratech, said: “While the Dubai government is going smart in digitalising payment methods, noqodi has partnered with Emirates Islamic to support the UAE strategy moving towards a cashless economy”.
Mr. Alzaffin added: “noqodi is building strategic partnerships with major banks in UAE such as Emirates Islamic to strengthen its payment channels and help clients from both government and private sectors in their digitisation initiatives. noqodi plays a vital role in the services ecosystem from a financial perspective; hence, we are investing in both payment processes and technology to come up with innovative payment methods for our customers”.
With just a few easy steps, Emirates Islamic individual and corporate clients will now be able to register and top up their noqodi wallet on all Emirates Islamic channels such as smartBUSINESS, Mobile Banking, Online Banking and ATMs. Additionally, customers can also make e-voucher payments on smartBUSINESS, Online Banking and Mobile Banking Channels. The new service offers the following key benefits to clients:
- Real time validation and payment to the Wallet and eVoucher
- Real time credit to noqodi
- Available 24x7
- Detailed MIS reports and noqodi reference
As part of its ongoing digitisation efforts, Emirates Islamic has made significant investments in innovative, technology-driven solutions to offer enhanced capabilities and greater convenience to clients. The Bank was named 'Best Islamic Banking Brand' by Global Brands Magazine and recognized as 'Best Islamic Bank' in the UAE by Global Finance. Emirates Islamic was also recognised for its range of innovative products at the Banker Middle East Product Awards 2018, winning 'Best Islamic Card' and 'Best Mobile Banking App'.