KHALEEJ TIMES, Thursday, Dec 24, 2020 | Jamadi Al Awwal 9, 1442
Dubai Economy signs MoU with Empay
Emirates:
Dubai Economy has signed a memorandum of understanding with the Emirates
Payment Services to enable payments relating to commercial licences through
the Empay smart application, the world’s first contactless instant credit
lifestyle payment ecosystem.
The agreement will enable customers of Dubai Economy to have an instant credit
facility and complete licensing transactions within five minutes. Users
registering on Empay can have their Emirates ID scanned on the app, following
which a digital card with an instant credit balance will be generated in two
minutes. The digital card, which is powered by Mastercard, will enable users to
complete payments in a smooth, fast, smart, and secure manner. Empay can be
downloaded from Google Play Store and App Store.
The signing of the MoU was attended by Mohammed Hassan Al Shehhi, deputy CEO of
Corporate Support Services in Dubai Economy, and Muna Al Qassab, CEO of the
Emirates Payment Services.
Empay was launched as part of the efforts of Dubai Economy to enhance the
cashless payments ecosystem in the country and provide an efficient digital
solution for transactions, and in line with the objective of the Dubai Cashless
Working Group to consolidate the efforts of relevant government agencies towards
accelerating Dubai’s successful and seamless transformation into a cashless
society.
The innovative application will also contribute to achieving the goals of the
Dubai Paperless Strategy, which aims to employ advanced technology in building
an integrated system for paperless government work.
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