Ajman Bank, one of the leading Shariah compliant banks in the UAE, has signed a partnership agreement with VaultsPay, a UAE Fintech Company to build and implement a highly innovative payments value proposition for businesses and individuals in the UAE. This partnership will form the basis of growth in the digital financial solutions in the UAE and will significantly change the way customers manage their finances through more intuitive and smart functionalities.
Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are glad to collaborate with VaultsPay as part of our ongoing commitment to strengthen the payments infrastructure with the most advanced, secure and cashless payment solutions. Our goal is to develop a robust electronic payment ecosystem driven by data and insights to increase the safety and security of electronic payments. It complements our strategy and vision to address the needs of our customers with the most innovative products and services.”
This strategic partnership will enable Ajman Bank to expand its existing payments business capabilities and provide individuals and businesses with digital access to full suite of financial services in the UAE in collaboration with Vaults Pay.
Mr. Ahmed Bin Braik, Chairman, VaultsPay, said, "We are excited in partnering with Ajman Bank and launching a unique acquiring host platform that will provide a comprehensive payment gateway solution and card issuing services via a customer-centric and secure digital app-based platform.”
Inspired by the UAE’s National Payment System Strategy of moving towards cashless society, VaultsPay was founded in April 2020 in UAE Since then VaultsPay has achieved many significant milestones and captured its market share in a very short period of time which is increasing gradually. VaultsPay aims to expand beyond the UAE and become the leading Fintech Company in the MENA Region.
Mr. Abdulla AL Suwaidi, VaultsPay CEO, said “Having Ajman Bank as our trusted banking partner will provide VaultsPay a strong foundation to deliver the first SuperApp for the UAE for all type of products and a seamless customer experience for businesses and individuals through an innovative payment platform and superior service delivery. This collaboration between Ajman Bank and VaultsPay will offer the first UAE acquiring host platform for other acquirees and payments service providers.”
VaultsPay has developed a unique Payment gateway platform which is a proprietary platform designed, built, and managed by its experienced in-house team of developers. The platform undergoes yearly PCI DSS Level 1 audit and certification. VaultsPay has successfully partnered with a first class e-commerce platform ‘emall.ae’ that allows enterprise users to offer and sell products, and individuals and enterprise entities to buy products.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
One of the largest CPG Pitch Slams in India, offering participants a chance to win one year of free access to NIQ data, valued at $30,000!<
 (1)_1713611592.jpg)
Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
Business / 29-04-2024
CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumesEducation / 29-04-2024
“69% Female Representation in MBA Analytics, Underscores the Evolving Landscape of Education – Sandeep Singh, Chairman BoG – IIM Kashipur”Business / 29-04-2024
NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in Indiaeducation / 29-04-2024
IIT Kanpur is inviting applications for the 4th batch of eMasters degree program in Data Science and Business AnalyticsKerala / 29-04-2024
CII Digital Saksham Transforms Kerala's Entrepreneurial Landscape: Empowering Micro-Businesses for a Digital FuturePelikken © Copyright 2022, All Rights Reserved
