Ajman Bank has joined hands with fintech firm Kamel Pay to build and implement digital payment solutions in the UAE.
This partnership will form the basis of growth in the digital financial solutions in the UAE and further the country’s National Payment System Strategy to move towards cashless society, according to a press release on Sunday.
Kamel Pay seeks to enable businesses and individuals with digital access to a full suite of financial services in the UAE. The fintech firm aims to grow beyond the UAE and become a leading Fintech company in the MENA region.
The Chairman of Kamel Pay, Hussain Al Qemzi, said: “Having Ajman Bank as our trusted banking partner will provide Kamel Pay a strong foundation to deliver innovative financial products and a seamless customer experience for businesses and individuals through a cutting-edge payment platform and superior service delivery.
“This collaboration between a bank and an agile fintech offering latest digital technologies will have a substantial impact on the adoption of secure and cashless payments across the UAE; especially in the underbanked population who had been largely neglected till now.”
“We are glad to collaborate with Kamel Pay as part of our ongoing commitment to strengthen the payment 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,” said Mohamed Amiri, chief executive officer, Ajman Bank.
Kamel Pay strives to remain at the forefront of solving the ever-emerging financial needs of the UAE and future markets by delivering the advantages of secure, instant and cashless payments through product innovation and cutting-edge digital technology.
