UAE’s ADIB, Visa partner to boost adoption of digital payments

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UAE
  • Date: 23-Jun-2022
  • Source: Gulf Business
  • Sector: Technology
  • Country: UAE
  • Who else needs to know?

UAE’s ADIB, Visa partner to boost adoption of digital payments

Abu Dhabi Islamic Bank (ADIB) has signed an exclusive agreement with Visa to boost the adoption of digital payments among its clients in the UAE. ADIB will begin aligning all of its covered card and debit card portfolios to the Visa network, where Visa has secured exclusivity over ADIB’s entire card portfolio, including premium products such as Visa Infinite Privilege, Visa Infinite and Visa Signature. ADIB and Visa have worked together for two decades, with ADIB being one of the first banks to introduce the UAE’s first biometric authentication solution for e-commerce transactions with Visa. Mohamed Abdelbary, ADIB Group CFO said: “Deepening our partnership with Visa will speed the delivery of solutions for our individual and business banking customers and will enable us to create payment offerings that are unmatched in value and scale, enhancing our customers’ lives. Enhancing our digital capabilities and secure payment is an increasing area of focus for us as we are constantly working towards developing advanced solutions that enable our customers to make payments digitally, in a safe and secure manner.” The renewed partnership will see both entities continuing to work together to drive the growth of digital payments through data-led solutions, deliver differentiated products

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