uae gets first mobile wallet
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

For Instant, Secure

UAE Gets First Mobile Wallet

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice UAE Gets First Mobile Wallet

UAE residents will soon be able to send remittances
Dubai, United Arab Emirates - Emirates Voice

UAE residents will soon be able to send remittances directly through their mobile phones, using a first-of-its-kind mobile wallet, which is set to launch at GITEX Technology Week 2017. The new service, which enables instant and secure transaction through a mobile application, has been developed by digital payments enabler Trriple.
With a booming economy and an expat population of about 90 per cent, the UAE is one of the world’s largest remittance-sending countries in the world, topping USD 19 billion per year, according to a recent report by Nimmök Consulting. The World Bank has ranked the UAE among the top 10 countries for outward remittance to emerging markets.
However, the process of remitting funds outside the UAE can be incredibly inconvenient for the average UAE resident, according to the UAE-based financial technology start-up Trriple. Recently, Guardian Wealth Management, on online currency trading firm estimated that the average expatriate in the UAE spends an average of Dh6,000 per year on money transfers, besides enduring long queues resulting in loss of several man-hours per year.  
As an open platform, Trriple’s mobile wallet can connect to any bank, Trriple user, or Point of Sale (POS), which essentially means that Tripple’s mobile wallet can receive funds directly from bank account, from other Trriple users, or from the merchants where user can provide the cash to the merchant to get funds in his/her wallet. As a result, Trriple users can make peer-to-peer transfers, top up their mobile credit on du or Etisalat networks, pay for goods at merchants and send cross-border remittances using Trriple mobile wallet.
 “UAE residents sending remittances no longer want to stand in long queues holding cash, pay high fees, or wait days for transfers to clear. A mobile wallet and digital payments can cut through the delays, and enable people to send money instantly, securely, and from the convenience of their mobile devices,” said Paolo Gagliardi, Chief Executive Officer, Trriple.
“GITEX Technology Week is an ideal global platform for Trriple to demonstrate how digital payments platform can enable the UAE’s and the region’s cashless economy, helping the government, merchants, and consumers save time and money. At GITEX, Trriple aims to expand our investor and channel partner ecosystem to fuel our growth,” added Gagliardi.
Experience the future of digital payments at Trriple’s stand in Hall 6 of the Dubai World Trade Centre from 8-12 October 2017. Visitors can stop by Trriple’s connected coffee shop, where they can download the app, scan their QR code and receive a free coffee.
During GITEX, Trriple fans can also enter a Facebook competition to win daily prizes at: https://www.facebook.com/TrripleMWallet/.

 

GMT 13:30 2017 Sunday ,17 December

For what it’s worth:New iMac Pro can set you back

GMT 07:45 2017 Monday ,27 November

Dubai Police transform 100 percent

GMT 09:02 2017 Tuesday ,10 October

From flying taxis to robocops, Dubai

GMT 12:38 2016 Monday ,05 December

Dubai to become UAE’s gateway

GMT 02:51 2016 Sunday ,19 June

Looks to next season of tech podcasts
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae gets first mobile wallet uae gets first mobile wallet

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae gets first mobile wallet uae gets first mobile wallet

 



GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 00:50 2016 Sunday ,24 April

English Premier League standings

GMT 19:31 2017 Tuesday ,24 October

Hot sectors and in-demand jobs in UAE

GMT 13:02 2017 Wednesday ,04 October

Aramco launches strategic partnership with Malaysian

GMT 16:38 2017 Monday ,08 May

Man held in Oman over shooting

GMT 11:58 2017 Tuesday ,12 September

Hurricane Irma: International efforts in the Caribbean

GMT 08:22 2017 Saturday ,29 July

HM King congratulates Peruvian president

GMT 15:26 2017 Friday ,23 June

Penniless American in UAE

GMT 14:01 2016 Thursday ,19 May

EgyptAir Jet Disappears Over Mediterranean Sea

GMT 08:08 2018 Wednesday ,17 January

US opens London embassy after Trump snubs inauguration

GMT 02:19 2018 Monday ,15 January

Spain to oppose ex-Catalan leader being re-elected

GMT 13:01 2018 Tuesday ,09 January

IOC extends North Korea's Winter Olympics deadline

GMT 12:24 2016 Monday ,12 December

'It's like freedom': Myanmar heavy metal crashes

GMT 09:05 2017 Thursday ,09 November

HRH Princess Sabeeka to patronize forum

GMT 15:05 2016 Monday ,27 June

Fabyland Appoints House of Comms

GMT 04:13 2015 Monday ,16 March

Tourism to restore its previous levels

GMT 08:15 2017 Monday ,30 October

Nissan Leaf Nismo to star
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice