Dubai: Emirates NBD has tied up with noqodi, a leading payment gateway and financial service provider in the UAE, engineered by emaratech, to enable businesses to make electronic payments for a range of government services.

Through the new partnership, Emirates NBD’s corporate clients can benefit from noqodi’s wallet top-up and eVoucher payment services through the bank’s smartBUSINESS platform and seamlessly make online payments for services rendered by government departments such as Dubai Land Department, General Directorate of Residency and Foreign Affairs, Fujairah Municipality and more.

Commenting on the announcement, Sumit Aggarwal – Executive Vice President and Head – Transaction Banking Services at Emirates NBD, said: “Our partnership with noqodi is testament to our commitment to support Dubai’s vision to transition to digital payment methods. Emirates NBD is a market leader when it comes to delivering innovative technology-driven services, and we are confident that this new offering will bring greater ease of use and convenience to our corporate clients. We look forward to further working with government and private sector partners across the country as we continue to contribute to the digitisation of banking and payment processes in the UAE.”

Mr. Thani Abdualla Alzaffin, Director General & Board Member of emaratech said: “we all know that the role of payment gateways will continue to grow in leaps and bounds as the UAE economy continue to go cashless. noqodi is pleased to be a crucial supporter to private and public organizations in implementing Dubai vision to digitalize the payment methods. Today, noqodi is expanding its portfolio with Emirates NBD and is pleased to offer the best solutions to the bank’s customers through a payment system like no other. With the highest industry-standard, PCI DSS-Certification, we’re a platform everyone can trust with the things that matter most”.

With just a few easy steps, Emirates NBD customers will now be able to register for a noqodi wallet ID and make payments through wallet top up or e-voucher payment. The new service offers the following key benefits to clients:

  • Real time validation and payment to the Wallet and eVoucher
  • Real time credit to noqodi
  • Available 24x7
  • Detailed MIS reports and noqodi reference

As part of its ongoing digitisation programme, Emirates NBD Transaction Banking Services (TBS) is investing heavily in technology to offer enhanced capabilities and greater convenience to clients.  As recognition of its efforts, TBS won several awards in 2018 including ‘Best Transaction Bank and Best Cash Management Bank in the UAE 2018’ by the Asian Banker, and ‘UAE Domestic Cash Management Bank of the Year 2018’ by Asian Banking and Finance.

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About Emirates NBD:

Emirates NBD is a leading banking Group in the region. As at 30th September 2018, total assets were AED 492.6 Billion, (equivalent to approx. USD 134 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank was declared the Most Innovative Financial Services Organization of the Year at the 2017 BAI Global Innovation Awards.

The bank currently has 227 branches and 1058 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. 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, the Kingdom of Saudi Arabia, Egypt, India, Singapore, the United Kingdom and representative offices in China and Indonesia.

The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. Emirates NBD Group is an Official Premier Partner of Expo 2020 Dubai. For more information, please visit: www.emiratesnbd.com 

About noqodi

noqodi is a payment gateway engineered and empowered by emaratech, a leading online technology solutions and consulting company in the Arab World, part of the Investment Corporation of Dubai.

noqodi is a powerful payment solution, providing you free and safe digital wallet. e-cash, credit cards, direct debit, you can pay any way you like using your online wallet. Maximum range of payment options to fund noqodi ewallet and fund merchant payments.

noqodi is integrated with multiple banks as well as governmental and non-governmental merchants – offering a multitude of payment options and channels. We provide complete automation of collections, reconciliation, settlement, refunds and other financial transactional services.

Merchants, businesses and consumers can all utilise our extensive information management interfaces, putting your payments at your fingertips.

With the highest industry-standard, PCI DSS-Certification, we’re a platform you can trust with the things that matter most.

For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113
+971 50 6538937
e-mail: ibrahims@emiratesnbd.com 
Tricia Kaul 
asda’a bcw; Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: Tricia.Kaul@bcw-global.com 

 

© Press Release 2019

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