uae gets first mobile wallet
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

For Instant, Secure

UAE Gets First Mobile Wallet

Egypt Today, egypt today

Egypt Today, egypt today UAE Gets First Mobile Wallet

UAE residents will soon be able to send remittances
Dubai, United Arab Emirates - Egypt Today

UAE residents will soon be able to send remittances directly through their mobile phones, using a first-of-its-kind mobile wallet, which is set to launch at GITEX Technology Week 2017. The new service, which enables instant and secure transaction through a mobile application, has been developed by digital payments enabler Trriple.
With a booming economy and an expat population of about 90 per cent, the UAE is one of the world’s largest remittance-sending countries in the world, topping USD 19 billion per year, according to a recent report by Nimmök Consulting. The World Bank has ranked the UAE among the top 10 countries for outward remittance to emerging markets.
However, the process of remitting funds outside the UAE can be incredibly inconvenient for the average UAE resident, according to the UAE-based financial technology start-up Trriple. Recently, Guardian Wealth Management, on online currency trading firm estimated that the average expatriate in the UAE spends an average of Dh6,000 per year on money transfers, besides enduring long queues resulting in loss of several man-hours per year.  
As an open platform, Trriple’s mobile wallet can connect to any bank, Trriple user, or Point of Sale (POS), which essentially means that Tripple’s mobile wallet can receive funds directly from bank account, from other Trriple users, or from the merchants where user can provide the cash to the merchant to get funds in his/her wallet. As a result, Trriple users can make peer-to-peer transfers, top up their mobile credit on du or Etisalat networks, pay for goods at merchants and send cross-border remittances using Trriple mobile wallet.
 “UAE residents sending remittances no longer want to stand in long queues holding cash, pay high fees, or wait days for transfers to clear. A mobile wallet and digital payments can cut through the delays, and enable people to send money instantly, securely, and from the convenience of their mobile devices,” said Paolo Gagliardi, Chief Executive Officer, Trriple.
“GITEX Technology Week is an ideal global platform for Trriple to demonstrate how digital payments platform can enable the UAE’s and the region’s cashless economy, helping the government, merchants, and consumers save time and money. At GITEX, Trriple aims to expand our investor and channel partner ecosystem to fuel our growth,” added Gagliardi.
Experience the future of digital payments at Trriple’s stand in Hall 6 of the Dubai World Trade Centre from 8-12 October 2017. Visitors can stop by Trriple’s connected coffee shop, where they can download the app, scan their QR code and receive a free coffee.
During GITEX, Trriple fans can also enter a Facebook competition to win daily prizes at: https://www.facebook.com/TrripleMWallet/.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae gets first mobile wallet uae gets first mobile wallet



GMT 14:55 2011 Wednesday ,13 July

From Barbie Girl to Businesswoman

GMT 05:35 2012 Monday ,13 August

Al-Assad exposed

GMT 19:52 2014 Thursday ,20 November

Global October temperatures record high for month

GMT 11:37 2013 Wednesday ,04 December

Afghan family of 4 killed in Kandahar explosion

GMT 17:50 2016 Wednesday ,23 March

Springy weather forecast over next two days

GMT 16:52 2017 Sunday ,19 November

US industry gears up to save NAFTA

GMT 13:39 2012 Tuesday ,07 February

Journey 2 reveals the mysterious allure of islands

GMT 09:05 2012 Monday ,27 February

Stem cells improve fertility

GMT 13:36 2011 Monday ,26 September

A round-up of Milan Fashion Week

GMT 12:29 2011 Friday ,05 August

Rain, flooding threaten Haiti

GMT 09:19 2013 Sunday ,10 November

ACCC puts free education modules online

GMT 00:20 2011 Monday ,05 September

South Africa eyes higher education sector

GMT 01:26 2015 Thursday ,10 September

Sharjah’s Tilal City Project in spotlight at Cityscape

GMT 09:02 2016 Tuesday ,20 September

Trump to meet with Egyptian president Monday

GMT 08:58 2017 Friday ,22 December

Syria opposition urges Russia to push Damascus

GMT 21:39 2017 Monday ,24 April

2 persons killed in air raids in Hama

GMT 21:08 2016 Saturday ,31 December

Worst is over for United Arab Emirates property market

GMT 07:23 2012 Friday ,20 July

Afghanistan, Pakistan to resume talks

GMT 07:46 2012 Sunday ,15 July

15 insurgents killed in Afghan operations

GMT 06:44 2015 Wednesday ,14 January

Fracking threatens electric cars

GMT 14:25 2011 Tuesday ,11 October

Iranian attempts to break record

GMT 12:48 2011 Monday ,03 October

Danes send controversial artist to Libya

GMT 11:23 2011 Monday ,27 June

A tour of Montreal

GMT 10:54 2010 Tuesday ,14 September

\'Slow reading movement\' defies our constant hurry

GMT 10:55 2011 Sunday ,27 November

Libya displays seized Roman-era artefacts

GMT 16:51 2011 Friday ,02 September

The Beautiful and the Damned

GMT 14:41 2011 Friday ,16 September

In the Sea There Are Crocodiles
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday