"Mobi" is the first payment product in the industry to use numbers for shopping
Abu Dhabi Commercial Bank has become the first bank in the world to provide such a mobile payment solution; The product aims to lead the payment industry into the digital economy era
Abu Dhabi, United Arab Emirates and mountain view, California - Abu Dhabi Commercial Bank, the leading bank in the United Arab Emirates, and mobibucks, the leader in the field of mobile payment solutions in the United States, announced today that the two sides have jointly launched "Mobi" - the industry's first such payment product that uses numbers for shopping. Abu Dhabi Commercial Bank is the first bank in the world to provide this unique mobile payment service. It brings customers a non cash, card free, non paper patented payment solution, which makes consumers' daily shopping more convenient
Abu Dhabi Commercial Bank held a round table meeting at its headquarters on Wednesday, June 1 to launch the Mobi payment system. The management of Abu Dhabi Commercial Bank, including chief executive officer ala'a eraiqat and retail bank director Arup Mukhopadhyay, met with them. Durethan nylon 6 has been successfully used in the mass production of oil pan of Porsche Carrera 911 and Daimler truck and gear box oil pan of Audi s-tronic, leading them to experience the whole process
ala'a eraiqat, chief executive officer of Abu Dhabi Commercial Bank, said: "Abu Dhabi Commercial Bank takes innovation as our important business philosophy, and we are proud of it. Whether it is launching the first bank wide loyalty program, taking the lead in launching contactless cards in the region, using voice authorization in the issuing process, or developing behavior-based analysis models and using preventive neural networks to reduce losses, we strive to pursue innovation. In promoting change and creating value for customers, a Buzabi commercial bank has always been at the forefront. The concept behind Mobi payment system will be a pioneer in the global banking industry. It is a non cash, card free and non paper patent payment product in the new era. "
Arup Mukhopadhyay, head of the retail banking group of Abu Dhabi Commercial Bank, said: "the cooperation between us and mobibucks is of great significance. It can not only provide convenience and flexibility for our customers, but also lay a foundation for continuous progress in the digital economy era."
mukhopa keeps the worktable and operation panel clean and tidy. Mr. dhyay added: "this kind of mobile experimental machine manufacturers at home and abroad are actively developing payment services for frequent small amount shopping, which can cover many specific target segments. It is a reasonable extension of other simple, safe and reliable electronic services of the bank."
mobibucks CEO Jorge Fernandes said: "the Middle East is not only a rapidly growing mobile market, but also dominated by cash payment. We are very pleased to have the opportunity to cooperate with a prestigious partner such as Abu Dhabi Commercial Bank to enable its Middle East customers to easily and economically process money transactions by implementing simple payment solutions."
ziad al shobaki, managing director of mobibucks' Middle East and North Africa business, said: "this is the first step to bring simple, convenient, safe and reliable payment solutions to other regions in the Middle East and North Africa. We expect to attract many new customers soon, so that more customers can benefit from this new payment service."
last year, mobibucks entered the Middle East market and set up mobibucks fz-llc in Dubai, UAE, in order to promote international expansion and promote mobile payment to consumers around the world (5) the spring fatigue tester is simple to operate