FAB, Magnati, and PayRow Net join forces to create a payment solution for Dubai’s Ports sector

FAB, Magnati, and PayRow Net join forces to create a payment solution for Dubai’s Ports sector

Abu Dhabi: First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) to establish a best-in-class digital payment platform to spur Dubai’s shift towards becoming a cashless economy.

The new payment ecosystem is set to transform the existing payment gateway, leading to an advanced customer payment journey and improved user experience.

Government entities and merchants will now be able to receive payments from their customers in an easy, flexible, unified, and secure manner. The streamlining and automating of revenue collection will also help government entities to better plan and forecast as well as focus on their core business and services.

To improve the delivery of services, the platform enables users to make payments for government services through a variety of digital methods, including point of sale transactions, card payments and digital wallets. Additionally, FAB in collaboration with PayRow will issue co-branded prepaid cards to promote seamless and secure payments.

Mustafa Al Khalfawi, Head of Global Banking UAE & Global Head of Government, Sovereigns & Public Sector at FAB said: “We’re delighted to partner with PCFC to offer a seamless solution and establish a best-in-class digital payment platform. FAB’s