Ajman Bank signs agreement with VaultsPay

Ajman Bank signs agreement with VaultsPay

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