FAB, Magnati & PayRow Net collaborate to spur digital payments infrastructure 

FAB, Magnati & PayRow Net collaborate to spur digital payments infrastructure 

First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, has collaborated with PayRow Net through the UAE 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.

Ramana Kumar

CEO – Magnati “Magnati is excited to support FAB in its collaboration with PCFC and PayRow Net to usher in the next era of digital payments infrastructure. This collaboration combines FAB’s technological expertise and Magnati’s payment know-how to transform PCFC’ payment