Ajman Bank partners with Kamel Pay to provide innovative payment solutions to businesses and individuals
Ajman Bank, one of the leading Sharia-compliant banks in the UAE, has signed a partnership agreement with Kamel Pay, a fintech company, to create and implement a highly innovative payments value proposition for businesses and individuals in the United Arab Emirates. This partnership will form the basis for the growth of digital financial solutions in the United Arab Emirates.
Inspired by the UAE’s national payment system strategy to evolve towards a cashless society, Kamel Pay was envisioned in 2019 as a Fintech company with the strategic aim of giving businesses and individuals digital access to a full range of financial services in the United Arab Emirates. Kamel Pay aims to expand beyond the UAE and become the leading Fintech company in the MENA region.
Mr. Hussain Al Qemzi, President of Kamel Pay, said: “We are delighted to partner with Ajman Bank and launch digital financial services for businesses and individuals across the UAE; via a user-friendly and secure digital application platform. This partnership will enable much needed financial inclusion for the underbanked population of the UAE through the cutting edge digital app Kamel Pay providing relevant and affordable financial services for their personal and family needs.
“Having Ajman Bank as a trusted banking partner will provide Kamel Pay with a solid foundation to deliver innovative financial products and a seamless customer experience for businesses and individuals through a state-of-the-art payment platform and superior service delivery. . This collaboration between a bank and an agile Fintech offering the latest digital technologies will have a substantial impact on the adoption of secure and cashless payments across the UAE; especially in the under-banked population which had been largely neglected until now.
Mr. Mohamed Amiri, CEO of Ajman Bank, said: “We are delighted to partner with Kamel Pay as part of our continued commitment to strengthen the payment infrastructure with the most advanced, secure and cashless payment solutions. . Our goal is to develop a robust electronic payment ecosystem based on data and information to increase the safety and security of electronic payments. It complements our strategy and vision to meet the needs of our customers with the most innovative products and services. ‘
Kamel Pay strives to stay at the forefront of solving the UAE’s ever-emerging financial needs and future markets by delivering the benefits of secure, instant and cashless payments through product innovation and digital technology. peak.
Unlike many other fintech companies, the founding team of Kamel Pay comprises a group of seasoned professionals with over 100 years of collective experience in commercial banking and technology leadership with a proven track record in developing and executing solutions. innovative, customer-centric digital technologies delivering value-added customer benefits. in several banking and financial services organizations in the region.