Next-generation mobile payment solution launched in UAE

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Emirates NBD, Etisalat and Visa  launch next-generation mobile payments solution – MoneyMobile

Development of contactless payments using Visa payWave via mobile device

NFC mobile payments solution branded “MoneyMobile,” introduced in partnership with Etisalat, Visa and Gemalto

In line with its focus on providing next-generation banking services, Emirates NBD announced the launch of the “MoneyMobile”. This is a contactless mobile payments solution that will enable customers to pay for purchases with a single wave of their contactless mobile device.

Today’s announcement follows the recent roll-out of an NFC-branded mobile device, among select staff at Emirates NBD, Etisalat, Visa and Gemalto, who will be testing the device during this initial phase.

With MoneyMobile, users will be able to complete retail transactions by waving their NFC mobile phone at Visa payWave terminals, providing a secure, fast and easy way to pay for everyday purchases.

Offering multiple levels of security, the MoneyMobile solution represents the retail experience of the future. It makes shopping easier than ever before.

Mobile payments are quickly becoming the way of the future as the widespread adoption of mobile technology changes how people connect with each other. Users will enjoy the ease and convenience of simply scanning their phone to pay as they breeze through the checkout in stores where they see the Visa payWave sign.

This new service promises to revolutionize the payment, retail and mobile ecosystems, whilst enhancing the shopping experience and bringing enormous benefits to consumers and merchants.

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