Ajman’s Department of Finance & Transport Authority join with FAB to provide digital payments in taxis

By Ashika Rajan, Trainee Reporter
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Digital Payment
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Ajman’s Department of Finance and Transport Authority have signed an agreement with First Abu Dhabi Bank (FAB) and Magnati, a completely owned subsidiary of FAB, to provide several payment options for taxi fares.

This new feature offers convenience and security and the goal of increasing the efficiency in services provided to passengers while reducing the risk of exposing passengers to COVID-19.

The agreement, signed by Mr. Marwan Ahmed Al Ali, Director General of Ajman’s Department of Finance, Mr. Omar Mohammed Lootah, Director General of Ajman Transport Authority, and Mr. Ramana Kumar, CEO of Magnati, is in line with Ajman’s government’s vision of boosting the digital economy while exceeding public’s expectations of satisfactory services, thereby increasing customers’ happiness.

This year, passengers will be able to pay taxi fares using credit cards, Samsung Pay, Apple Pay, as well as the e-wallet of Ajman Pay, the smart digital payment gateway for the Government of Ajman.

Mr. Al Ali remarked that “signing this agreement comes in line with Ajman Department of Finance’s strategy to be an active part of achieving the vision of our wise leadership when it comes to digital transformation. This partnership is a great example of our continuous efforts to undertake various initiatives that would provide multiple payment options to the public, thereby ensuring customers’ happiness.”

Mr. Lootah pointed out that “we are pleased to have entered into this cooperation, which couldn’t have come at a more opportune time given the challenges posed by COVID-19. We always seek the highest standards of quality in providing our services. We always strive to adopt the latest technologies that develop the infrastructure of the transport sector, and we are keen to employ the best solutions to mount a speedy recovery from the pandemic by relying extensively on digital transformation, in line with Ajman’s strategy aimed at improving the government work and providing high-quality services.”

Mr. Imad Abdalwahab, Managing Director and Head of Government Payment Solutions at Magnati added that “we have always been keen on investing in innovative solutions that would provide convenience and smooth payment experience to the consumers. We are honored to support Ajman’s strategy towards digital transformation through this collaboration that facilitates payments for taxi fares and sheds light on Magniti’s efforts to offer diversified and smart payment solutions.”

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