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Dubai: - Emirates NBD, a leading bank in the region, has signed up to Visa Inc's. new Digital Enablement Program (VDEP), making it the first bank in the Central Europe, Middle East and Africa region to participate in the programme and offer its unique services to its customer base.
VDEP connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. The program builds on Visa's secure token technology and adds a turnkey, toll-free commercial framework accessible to all Visa financial institution clients and leading technology partners around the world. Google, with its Android Pay payment solution, is Visa's first international program partner and Samsung joined the program in August 2015.
Suvo Sarkar, Senior Executive Vice President & Group Head - Retail Banking and Wealth Management, Emirates NBD said: "Emirates NBD is committed to adopting industry best practices that keep our offerings competitive as well as relevant for customers. We were one of the first banks in the UAE to sign up for the Visa Checkout service, which is designed to revolutionise the way people shop online. As the region's first bank to participate in Visa's latest Digital Enablement Program, we are confident of facilitating game-changing online and mobile payment solutions that can be easily availed by our extensive customer base."
Marcello Baricordi, General Manager UAE and Global Accounts Lead, Visa MENA, said: "In line with our vision of accelerating digital solutions around the world, Visa is excited to partner with Emirates NBD to bring this innovative service to the bank's extensive network of customers and partners in the UAE.
"As a global technology company, Visa's goal is not restricted to just developing products, but to pave the way for new and efficient payment technologies to enter global markets quickly and seamlessly through our suite of advanced digital solutions. Through VDEP, we are introducing assets to the UAE that will provide banks and merchants a wider range of options that can help them keep up with the fast-changing digital world."
Participating in the Visa Digital Enablement program enables Emirates NBD to deliver increased customer value through an easy-to-implement, secure mobile and digital payment services platform. The platform is enhanced by a powerful combination of secure token technology, risk and fraud management services as well as customer data protection to ensure maximum security. The VDEP will also help Emirates NBD expand reach and capability across the region by leveraging Visa's advanced platform for delivering secure mobile and digital payment services.
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About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 30th June 2015, total assets were AED 388.1 Billion, (equivalent to approx. USD 105 Billion). The Group has a leading retail banking franchise in the UAE, with more than 220 branches and over 900 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Rego
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.rego@bm.com
About Visa:
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks -- VisaNet -- that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products.
For more information, visit visamiddleeast.com, visanewsmena.tumblr.com, or @Visamiddleeast.
© Press Release 2015
