American multinational financial services corporation, Mastercard has partnered with the UAE-based leading fintech company noqodi in order to expand digital payment acceptance across the Emirates.
noqodi is a Payment Gateway and Financial Service provider completely hosted and managed by UAE-based emaratech. It offers the latest payment features and is backed up by state-of-the-art technologies to manage electronic payments most safely and efficiently.
According to the statement, “Through this partnership, consumers and businesses in Dubai will soon be able to make seamless and safe contactless payments for select government and private sector services.”
Noqodi’s digital omnichannel payments, including Tap on Phone, will be powered by Mastercard Payment Gateway Services (MPGS).
Enabled by MPGS technology, customers can simply tap their card or device to make payments through a merchant’s phone, the company said.
“In line with the current cashless economy initiative in the UAE, noqodi is strengthening its partnerships with key global organizations that will boost its position as a leading fintech and payment entity. We are happy to enhance our collaboration with Mastercard and benefit from all the services provided by its payment gateway platform, including Tap on Phone, allowing us to have a seamless and unified customer experience across all our channels.”
Mr. J.K. Khalil, Cluster General Manager of Mastercard MENA East, noted that, “We are delighted to sign this strategic partnership with noqodi and deliver our innovative digital payment solutions at a UAE government level as we continue to diversify our offerings across non-traditional segments.”
“In an omnichannel environment where consumers increasingly want more choice to pay the way they want to, Tap on Phone is an innovative, affordable, convenient, and welcome addition to the payment ecosystem. We are working with our fintech, telco, financial institution, and government partners to build a robust, connected, and inclusive digital ecosystem that benefits everyone,” Mr. Khalil added.
Parent company emaratech, which handles over 50,000 transactions a day, automates several administrative processes, including the issuance of visas, residences, national IDs, and medical fitness, as well as other services across the UAE.
“It is great to collaborate with Mastercard, who are aligned with us in our mission to create innovative high-tech products and world-class services that impact lives. Through MPGS and Tap-on-Phone we can provide quick, convenient, seamless ways for payments to be made safely and securely, helping businesses and governments operate more effectively,” commented HE Thani Alzaffin, Group CEO of emaratech.