The Abu Dhabi government services ecosystem (TAMM) is adding the UAE’s leading mobile payment provider PayBy to its Abu Dhabi Pay network, to enable customers to use the contactless payment technology for government services.
The partnership between First Abu Dhabi Bank (FAB) and PayBy will simplify digital payment mechanisms for customers in the emirate without the need for a credit or debit card. With this new facility, TAMM aims to consolidate the government services into a more efficient and easier-to-navigate experience that provides end-to-end journeys in a single platform.
The addition of PayBy to the Abu Dhabi Pay network will ensure that all government services and transactions are available to all residents and citizens of the emirate digitally, easily and conveniently, Dr. Ahmed Khaled Al Hashimi, director of digital literacy department, Abu Dhabi Digital Authority, said.
“Digital transformation in Abu Dhabi is accelerating on a daily basis and cashless payments are an integral part of our strategy for the future. Having PayBy on board adds another level of accessibility and comfort for users,” Dr. Al Hashimi added.
TAMM launched the Abu Dhabi Pay service in May last year to offer secure, standardized payment methods. PayBy, also based in the emirate, was established in 2020 to give reliable mobile payment services to businesses of all sizes. The platform is one among those which is actively supporting the ongoing transition to a cashless society, in line with the UAE’s Vision 2021.
“The FAB-facilitated partnership between Abu Dhabi Digital Authority and PayBy is another step that offers additional value to our customers while advancing national goals of public health and financial inclusion,” Ramana Kumar, executive vice president and head of payments and digital banking at FAB’s personal banking group, said.
Fintech companies that focus on offering quicker and cheaper methods of moving money are a significant part of the region’s technology landscape. According to startup data platform Magnitt, out of the $1.03 billion in venture funding raised in the Middle East and North Africa last year, 14 percent went to fintechs.