UAE’s largest bank launches sound-based payment system
First Abu Dhabi Bank (FAB), the UAE’s largest bank, has launched a new sound-based payment system through its digital wallet payit.
The technology is the first of its kind in the region and one of the first integrated sound-based solutions in the world, said the bank which launched the solution during Gitex Shopper this week.
Customers can now use payit across many merchants in the UAE and make secure payments using their mobile phones by listening to the sound and clicking “pay”.
Payit offers customers a range of payment services through person-to-person, bill payments, money transfers, splitting the bills in addition to dedicated “payit offers” from many outlets.
FAB said it is continuously investing in developing innovative solutions for clients to deliver value.
Hana Al Rostamani, group head of the Personal Banking Group, said: “FAB is committed to bringing innovative solutions to its customers to enable them to grow stronger.
The sound-based payment technology on payit was developed in collaboration with our fintech partners.
“The move, yet again, demonstrates that we are open to working with the right fintech companies to provide value to our clients. The payments industry is going through an enormous evolution and at FAB we aim to be at the forefront in driving innovation”.
UAE residents can download the payit app from the App Store or Google Play Store.