Dubai: High value purchases of gold and jewellery or top-of-the-line smartphones and electronics will likely be the initial beneficiaries as visitors from India use the rupee to shop in the UAE under…
Tag: payment
Microsoft-CrowdStrike outage: UAE retail outlets return to normal after brief payment disruption
He said that some customers experienced delays at checkout and difficulties accessing services. “However, this was quickly addressed by our technical and on-ground staff,” said Dr Al Bastaki. Union Coop’s IT team…
UAE's new 'Jaywan' payment cards to be issued from September; ATMs, point-of-sale terminals get ready
Dubai: The UAE’s new payments card system – Jaywan – will have cleared two major milestones by end August before banks start issuing the card to its clients by end of the…
Should Dubai property buyers go for 1% payment plan or seek a mortgage deal?
Dubai: With more tenants in Dubai once again looking at buying a home, developers are rushing in with payment models that can meet buyers’ expectations without straining their budgets. And these days…
UPI payment system now accessible to Indian tourists in over 60,000 outlets across UAE
Dubai: UAE’s Network International has inked a partnership deal with India’s NPCI International Payments Ltd. (NIPL) to enable QR code-based Unified Payments Interface (UPI) payments across its point-of-sale (POS) terminals in the…
Omani central bank joins payment system AFAQ
This initiative aligns with the central bank’s efforts to develop cross-border payment systems and adopt the latest technologies in the industry, aiming to improve efficiency and speed while reducing costs. By joining…
UAE experienced a 53% y-o-y growth in real-time payment transactions in 2023, says study
According to ACI Worldwide’s 2024 Prime Time for Real-Time report, published in collaboration with Global Data, real-time payments are fast becoming the foundation of the UAE’s economy. The report underscores the nation’s…
Online payment frauds jump over 400% in India, RBI data shows
The growing popularity of digital payments creates a bigger target for fraudsters, said Nikhil Jois, head of growth at fraud detection platform Bureau. “Coupled with a lack of financial literacy and imprudent…
Why UAE's new payment system Aani wants another 400,000+ SMEs using cash switch over to digital
Dubai: UAE consumers – the Gen Zs, Millennials and older ones alike – are moving away from cash. Big businesses already use digital means to settle transactions. The need now is for…
ADNOC Gas 2023 net income at $4.72b, second dividend payment of $1.6b coming Q2-2024
In 2022, the company’s revenues totaled $25.78 billion and for net income to come to $4.79 billion. The results also reflect the gains from ‘export of higher-margin liquids’ and ‘focus on increased efficiency’….