FAB’s Payit & Magnati partner with ride-hailing app WOW to provide digital payment solutions

By Shilpa Annie Joseph, Desk Reporter
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First Abu Dhabi Bank’s (FAB) fully-owned payment subsidiary Magnati and the Payit, powered by First Abu Dhabi Bank (FAB), have teamed up with WOW Electronics Transport Services to introduce a state-of-the-art digital payment service for its leaders and their riders.

With this collaboration, WOW riders can make cashless mobile payments for their rides seamlessly using the Payit digital wallet from within WOW cars.

In addition, the WOW app has been supported by a payment gateway solution, and its leaders have been empowered with Magnati payroll cards. These leaders’ payroll cards can be linked effortlessly to their Payit wallets, allowing them to make use of the wallet platform’s many digital payment capabilities.

Ramana Kumar
Ramana Kumar
CEO – Magnati

“We are pleased to partner with WOW with this partnership and support them in their endeavor to operate a digital-centric business. As payments are core to their offerings, Payit and Magnati offer them the perfect digital solutions to power their business as they look to expand across the UAE. This partnership is a testament to the robustness of our platforms, which offers businesses like WOW tailor-made solutions.”

Mr. Bader Alzaabi, president of WOW said, “We thank First Abu Dhabi Bank for recognizing and supporting young and new projects of technologies. Now regarding WOW and Payit, the world changes, financial and commercial transactions change, cash and methods of managing change, thanks to the combination of technology and mental experiences in the service of humanity. So why not develop and adapt with the development of man and the means in his hand, which facilitates him and reduces distances, saves effort and time in various fields.”

“With these digital tools, we can reduce work gaps and focus on addressing the needs that we aspire to reach, design, and support with our means and ideas from artificial intelligence available with continuous creativity ideas. WOW and Payit is one of those mean that need ideas and are the continuous creativity in the development of the world,” Mr. Alzaabi further added.

Related: FAB’s digital wallet Payit ties up with PLATX to enable WhatsApp payment