FILE PHOTO: A Google logo is seen at the company's headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam/File Photo
Google Pay faces a stiff competition in the UAE that is already home to various global players. REUTERS

Making payments easier, Google launches its mobile wallet in UAE



American tech giant Google launched Google Pay in the UAE on Thursday, allowing contactless payments that users can can complete securely within seconds using their Android phones - whether online or offline.
On the back of growing smartphone and internet penetration in the region, the mobile wallet market is predicted to hit $2.3 billion by 2022 in the UAE, according to the latest report by TechSci Research, a US-based consulting firm providing market research and advisory solutions. The study added that the UAE mobile wallet market will grow at a compound annual growth rate of 24 per cent during 2017-22.

As of March this year, internet penetration in the region was 64.5 per cent, higher than the global average of 54.5 per cent, according to data by Statista.

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Users need to register the details of their Mastercard or Visa cards issued by any of the partner banks - Emirates Islamic, Emirates NBD, Mashreq and Standard Chartered - with Google Pay app before using it. Then they just need to turn their phone on and press it to the contactless terminal to make a payment electronically via Near Field Communication.

However, Google Pay faces a stiff competition in the UAE - already home to various global players such as Samsung Pay, Etisalat Wallet, Beam Wallet, PayPal and Apple Pay. Even some banks have introduced mobile wallets such as Mashreq Neo and RAKBank Mobile Banking app.

Charlotte Gainsbourg

Rest

(Because Music)

Tips for entertaining with ease

·         Set the table the night before. It’s a small job but it will make you feel more organised once done.

·         As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.

·         Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.

·         Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.

·         The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.

·         You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.

 

Friday’s fixture

6.15pm: Al Wahda v Hatta

6.15pm: Al Dhafra v Ajman

9pm: Al Wasl v Baniyas

9pm: Fujairah v Sharjah

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PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450+ employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

SHALASH THE IRAQI

Author: Shalash
Translator: Luke Leafgren
Pages: 352
Publisher: And Other Stories

In the Land of Saints and Sinners

Director: Robert Lorenz

Starring: Liam Neeson, Kerry Condon, Jack Gleeson, Ciaran Hinds

Rating: 2/5

T20 World Cup Qualifier

Final: Netherlands beat PNG by seven wickets

Qualified teams

1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman

T20 World Cup 2020, Australia

Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland

COMPANY PROFILE

Name: Ejari
Based: Riyadh, Saudi Arabia
Founders: Yazeed Al Shamsi, Fahad Albedah, Mohammed Alkhelewy and Khalid Almunif
Sector: PropTech
Total funding: $1 million
Investors: Sanabil 500 Mena, Hambro Perks' Oryx Fund and angel investors
Number of employees: 8

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now


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