Home Business & Finance Emirates NBD partners with noqodi to facilitate electronic payments for businesses

Emirates NBD partners with noqodi to facilitate electronic payments for businesses

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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 24×7
  • 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. News Desk

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