Ajman Bank partners with Kamel Pay to provide innovative payment solutions to businesses and individuals

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Ajman Bank, one of the leading Sharia-compliant banks in the UAE, has signed a partnership agreement with Kamel Pay, a fintech company, to create and implement a highly innovative payment value proposition for businesses and individuals in the United Arab Emirates. This partnership will form the basis for the growth of digital financial solutions in the United Arab Emirates.

Inspired by the UAE’s national payment system strategy to evolve towards a cashless society, Kamel Pay was envisioned in 2019 as a Fintech company with the strategic aim of giving businesses and individuals digital access to a full range of financial services in the United Arab Emirates. Kamel Pay aims to expand beyond the UAE and become the leading Fintech company in the MENA region.

“Having Ajman Bank as a trusted banking partner will provide Kamel Pay with a solid foundation to deliver innovative financial products and a seamless customer experience for businesses and individuals through a state-of-the-art payment platform and superior service delivery. . This collaboration between a bank and an agile Fintech offering the latest digital technologies will have a substantial impact on the adoption of secure and cashless payments across the UAE; especially in the under-banked population which had been largely neglected until now.

Mr. Mohamed Amiri, CEO of Ajman Bank, said: “We are delighted to partner with Kamel Pay as part of our continued commitment to strengthen the payment infrastructure with the most advanced, secure and cashless payment solutions. . Our goal is to develop a robust electronic payment ecosystem based on data and information to increase the safety and security of electronic payments. It complements our strategy and vision to meet the needs of our customers with the most innovative products and services. “

Kamel Pay strives to stay at the forefront of solving the UAE’s ever-emerging financial needs and future markets by delivering the benefits of secure, instant and cashless payments through product innovation and digital technology. peak.

Unlike many other fintech companies, the founding team of Kamel Pay comprises a group of seasoned professionals with over 100 years of collective experience in commercial banking and technology leadership with a proven track record in developing and executing solutions. innovative customer-centric digital technologies delivering value-added customer benefits. in several banking and financial services organizations in the region.

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About Banque Ajman

Ajman Bank is an Islamic bank with an ambitious vision based on values ​​of integrity, trust and transparency that seeks to provide a wide range of high quality and Shariah compliant banking services to individual, corporate and corporate clients. government institutions of the United Arab Emirates. It is also keen to be updated with the latest technology that will provide customers with a distinctive experimental bank with the revival of human touch that is lost in the modern era of banking applications.

Ajman Bank is headquartered in Ajman and enjoys strong support from Ajman’s government and is a key pillar of the emirate’s economic development strategy. The bank continues its unremitting efforts to establish a leading position in the banking sector as a sustainable Islamic banking institution, emphasizing the need to achieve optimal balance in the community and caring staff, in order to delivering real value to shareholders and customers. look alike.

For more information visit http://www.ajmanbank.ae

ABOUT KAMEL PAY

Vision

Inspired by the UAE’s national payment system strategy to evolve towards a cashless society, Kamel Pay was conceived in 2019 as a Fintech company with the strategic objective of giving businesses and individuals digital access to a range of financial services.

Kamel Pay strives to stay at the forefront of addressing the ever-growing financial needs of communities in the UAE and the wider MENA region; by delivering the benefits of secure, convenient and cashless payments through product innovation and cutting-edge digital technology.

Kamel Pay’s founding team has over 100 years of banking and technology leadership experience with proven track record in launching customer-centric digital solutions, coupled with delivering value-added customer benefits across multiple banking organizations. across jurisdictions.

The solution

Kamel Pay facilitates payments for businesses and individuals through a secure and digital experience in collaboration with Ajman Bank.

The solution is available to all businesses and individuals wishing to benefit from a simplified integration process and end-to-end service delivery via a secure and user-friendly digital application. Kamel Pay’s feature-rich customer portal is a handy companion for managing day-to-day tasks and streamlining regular payments.

Kamel Pay provides EMV-compliant Prepaid Mastercard and user-friendly digital app to all cardholders with real-time digital account information and the ability to access funds at over 40 million touchpoints worldwide . The innovative digital Kamel Pay app provides a platform for running end-to-end financial services such as instant remittances, bill payments, online shopping, and more.

The solution will be launched in the UAE market shortly with particular preference for existing Ajman Bank customers and is expected to be rolled out to other GCC markets during the next phase of Kamel Pay’s expansion.

For more information, visit www.kamelpay.com

© Press release 2021


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