LuLu Money Singapore launches cross-border payments platform in UAE

LuLu Money Singapore launches cross-border payments platform in UAE

Image courtesy: Lulu Exchange

LuLu Money Singapore, a unit of Abu Dhabi-based LuLu Financial Holding, is set to pioneer its digital payments ecosystem in the UAE with the rollout of Digit9, the company’s cross-border payments platform.

Digit9 is a Remittance-as-a-Service (RaaS) product that was developed in collaboration with Endava, a digital transformation and intelligent automation solutions provider.

The platform seeks to promote financial flexibility, reliability, and transparency, thus empowering banks and fintech firms to seamlessly execute multi-currency remittances in real-time.

LuLu Money Singapore said the platform will serve a global network of more than 2,000 partners. Digit9 is being launched in the UAE in partnership with LuLu Exchange.

The product has been built on Open Banking standards to enable a much broader range of financial institutions to meet the market demand for a truly mature cross-border payments platform.

Companies can leverage Digit9’s core functionality which enables it to be conveniently white-labelled and embedded into innovative new financial applications and organisational workflows, LuLu Money Singapore said in a statement.

“Through Digit9, we aim to democratise remittances, enabling financial ins across the spectrum to build powerful cross-border payments applications without the prohibitive costs and complexities associated with establishing a robust underlying infrastructure,” said Joseph Cleetus, AVP of