{"id":26778,"date":"2020-09-10T08:14:28","date_gmt":"2020-09-10T08:14:28","guid":{"rendered":"https:\/\/tcit.ae\/ubf\/?p=26778"},"modified":"2022-07-30T08:15:32","modified_gmt":"2022-07-30T08:15:32","slug":"klip-emirates-digital-wallets-digital-cash-platform-now-live-with-first-abu-dhabi-bank-mashreq-bank-and-national-bank-of-fujairah","status":"publish","type":"post","link":"https:\/\/tcit.ae\/ubf\/letest-news\/klip-emirates-digital-wallets-digital-cash-platform-now-live-with-first-abu-dhabi-bank-mashreq-bank-and-national-bank-of-fujairah\/","title":{"rendered":"klip, Emirates Digital Wallet\u2019s Digital Cash Platform, Now Live with First Abu Dhabi Bank, Mashreq Bank and National Bank of Fujairah"},"content":{"rendered":"
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Open to any individual or business in the UAE, klip enables digital payments, simple transfers and acceptance via mobile phones and POS terminals<\/strong><\/p>\n

Abu Dhabi, 10 September 2020:\u00a0Emirates Digital Wallet LLC, along with First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah and Mastercard today announced the launch of\u00a0klip, Emirates Digital Wallet\u2019s Digital Cash Platform.<\/p>\n

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klip\u00a0offers a simple way for users to transfer money to others via a mobile number and allows users to seamlessly pay for goods in-store using the existing merchant reach offered by its partner banks.\u00a0klip\u00a0further enables small businesses to start accepting digital payments via mobile phones, meaning more businesses can tap into the digital economy.\u00a0klip\u00a0is the only interoperable solution designed to seamlessly provide digital payments between all consumers and merchants in the UAE.<\/p>\n

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The robust, secure and interoperable Digital Cash Platform aims at eradicating the use of physical cash and helps UAE transition into a truly cashless society by providing a digital equivalent for physical cash that is tuned with the lifestyle of its users.<\/p>\n

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Hana Al Rostamani, Deputy Group CEO and Head of Personal Banking at FAB, said:\u00a0\u201cConsumers are demanding digital options across a multitude of industries and that includes banking, payments and purchases. The introduction of\u00a0klip\u00a0for customers and merchants across the country will drive the cashless objective of the UAE and will help in bolstering the UAE\u2019s financial ecosystem. FAB is always committed to providing futuristic and interoperable solutions that drive the digital payments journey and improve customer experience.\u201d<\/p>\n

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Subroto Som, Senior Executive Vice President \u2013 Group Head of Retail Banking Group, Mashreq Bank, said:\u00a0\u201cWith a legacy of innovation lasting more than half a century, Mashreq has repeatedly shown its commitment to embracing technology that improves the customer experience. Our support for\u00a0klip\u00a0underlines our fundamental belief in the Government\u2019s vision of establishing the UAE as a digital leader and we are excited to be able to bring this unique digital wallet to our customers.\u201d<\/p>\n

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Vince Cook, CEO of National Bank of Fujairah, added:\u00a0\u201cAs a National Bank, we are proud to play a leading role in the digitization of the country\u2019s banking services and its wider economy and are honored to be one of the launch partners in this significant milestone. The rollout of\u00a0klip\u00a0at this time will help further accelerate the use of digital solutions in place of cash and open a wealth of related services for the unbanked. In recent months we have seen increasing take up of all our digital channels and\u00a0klip\u00a0provides a further enhancement in our offerings with its efficient, cost-effective, and most importantly, secure and safe platform for cashless payments.\u201d<\/p>\n

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\u201cGrowing the domestic payment ecosystem is crucial for the development of a robust digital economy that positively impacts communities. We are proud to come on board as a trusted partner and technology provider and join hands with leaders across the UAE to deliver Mastercard\u2019s expertise and help drive inclusion to support the UAE\u2019s vision of a connected, digital future,\u201d said Khalid Elgibali, Division President \u2013 Middle East and North Africa, Mastercard.<\/p>\n

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\u201cWe are delighted to be launching the new digital cash platform, klip, with our three pioneer partners and applaud their commitment in working with us to transform the UAE\u2019s digital economy. Eliminating physical cash will result in huge savings for businesses and allow smaller businesses to flourish,\u201d said\u00a0Mohammed Al Jayyash, Chairman of Emirates Digital Wallet LLC.<\/p>\n

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\u201cIn addition to our launch partners, more banks are in the testing phase and will soon be offering klip to their customers. In parallel, we are developing a klip-branded mobile app to be released in the fourth quarter of 2020 to allow anyone across the UAE, visitors and residents alike, to switch to digital cash, regardless of whether or not they have a bank account,\u201d Al Jayyash added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Open to any individual or business in the UAE, klip enables digital payments, simple transfers and acceptance via mobile phones and POS terminals Abu Dhabi, 10 September 2020:\u00a0Emirates Digital Wallet LLC, along with First Abu Dhabi Bank (FAB), Mashreq Bank, National Bank of Fujairah and Mastercard today announced the launch of\u00a0klip, Emirates Digital Wallet\u2019s Digital …<\/p>\n

klip, Emirates Digital Wallet\u2019s Digital Cash Platform, Now Live with First Abu Dhabi Bank, Mashreq Bank and National Bank of Fujairah<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[29,26],"tags":[],"_links":{"self":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/26778"}],"collection":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/comments?post=26778"}],"version-history":[{"count":2,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/26778\/revisions"}],"predecessor-version":[{"id":26780,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/posts\/26778\/revisions\/26780"}],"wp:attachment":[{"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/media?parent=26778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/categories?post=26778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/wp-json\/wp\/v2\/tags?post=26778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}