Tamm, the Abu Dhabi government ecosystem, is adding financial technology company PayBy to its Abu Dhabi Pay network, allowing customers to use contactless technology to pay for services.
Through a partnership with First Abu Dhabi Bank, PayBy will facilitate contactless payments without the need for a credit or debit card, the pair said in a statement.
This will ensure that all government services and transactions are available to all residents and citizens, “digitally, easily and conveniently”, Dr Ahmed Khaled Al Hashimi, director of digital literacy department, Abu Dhabi Digital Authority, said.
“Digital transformation in Abu Dhabi is accelerating on a daily basis, and cashless payments are an integral part of our strategy … having PayBy on board adds another level of accessibility and comfort for users,” added Mr Al Hashimi.
Abu Dhabi Pay is a service that was launched by Tamm in May last year to offer secure, standardised payment methods for services.
PayBy, also based in the emirate, was set up in March last year to offer secure mobile payment services to businesses of all sizes.
“The FAB-facilitated partnership between Adda and PayBy is another step that offers additional value to our customers, while advancing national goals of public health and financial inclusion,” Ramana Kumar, executive vice president and head of payments and digital banking at FAB's personal banking group, said.
FinTech companies, which focus on offering quicker and cheaper methods of moving money, are a significant part of the region's technology landscape. Of the $1.03 billion in venture funding raised in the Middle East and North Africa last year, 14 per cent went to FinTechs, according to Magnitt.
More than 92 per cent of people in the UAE use smartphones, presenting a substantial opportunity for FinTech companies to thrive.
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Which honey takes your fancy?
Al Ghaf Honey
The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year
Sidr Honey
The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest
Samar Honey
The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments
The biog
Favourite hobby: taking his rescue dog, Sally, for long walks.
Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books
Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella
Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
BUNDESLIGA FIXTURES
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
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