uae gets first mobile wallet
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

For Instant, Secure

UAE Gets First Mobile Wallet

Egypt Today, egypt today

Egypt Today, egypt today UAE Gets First Mobile Wallet

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

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/.

 

egypttoday
egypttoday

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 08:02 2015 Tuesday ,15 September

No snow: Californian water source at 500-year low

GMT 15:25 2018 Wednesday ,14 November

Friedrich Merz vows to steal half of AfD voters

GMT 06:53 2017 Saturday ,18 February

G20 foreign ministers vow to fight poverty in Africa

GMT 14:27 2017 Friday ,10 March

Hypercars mingle with station wagons

GMT 13:13 2011 Friday ,16 December

Hyundai i-oniq Concept for Geneva 2012

GMT 11:53 2011 Monday ,26 September

Guerrero: We’ve got Peruvians dreaming

GMT 18:17 2016 Sunday ,18 December

Iraqi warplanes bomb Daesh warehouses

GMT 16:54 2017 Sunday ,15 January

26 killed as Hadi forces push Houthis back

GMT 04:29 2016 Saturday ,25 June

A New Generation of Robots is Ready for the Market

GMT 12:31 2011 Saturday ,26 November

Google working on OnLive rival for Chrome OS

GMT 23:18 2017 Wednesday ,01 March

Dh4.2m lawsuit against George Wassouf thrown out

GMT 12:57 2018 Tuesday ,09 January

German industrial orders dip in November

GMT 07:18 2018 Sunday ,07 January

Palestinians mark Orthodox Christmas

GMT 02:09 2017 Sunday ,08 January

Downtown Dubai is a place to be on New Year’s Eve

GMT 06:32 2018 Wednesday ,03 January

A Weathered Penny appoints

GMT 10:14 2015 Tuesday ,11 August

Woman drowns in Dubai after father blocks rescue

GMT 13:51 2013 Friday ,25 January

Billy Bragg to get BBC Folk Award

GMT 00:30 2012 Thursday ,27 September

Causes of snoring in pregnancy revealed

GMT 08:30 2016 Sunday ,10 April

War photographer and mother, the woman

GMT 14:06 2012 Thursday ,26 July

Depression linked to artificial light

GMT 05:44 2011 Tuesday ,19 April

New hope for secretive rare animal

GMT 18:53 2012 Tuesday ,27 November

Radio host suspended over anti-Semitism
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today 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 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday