Dubai Economy has signed an agreement with Emirates Payment Services to provide customers with an instant credit facility, allowing them to complete licensing payments within five minutes.
The agreement will facilitate payments relating to commercial licences through the Empay smart application.
The App is the world’s first contactless instant credit lifestyle payment ecosystem.
Users can scan their Emirates ID on the app, generating a digital card with an instant credit balance in two minutes.
The digital card, which is powered by Mastercard, will enable users to complete payments in a smooth, fast, smart, and secure manner.
Empay was launched as part of Dubai Economy's efforts to promote cashless payments in the country and provide an efficient digital solution for transactions, in line with the objective of the Dubai Cashless Working Group.
The innovative application will also contribute to achieving the goals of the Dubai Paperless Strategy, which aims to employ advanced technology in building an integrated system for paperless government work.
Empay can be downloaded from Google Play Store and App Store.
#Dubai Economy signs MoU with Empay to accelerate cashless licensing transactions https://t.co/V8gYg5mblQ pic.twitter.com/nyy7WZuUBE
— Dubai Media Office (@DXBMediaOffice) December 24, 2020
UAE, Colombia sign major trade pact
UAE and Costa Rica sign economic partnership deal
Dubai-based Telegram app to hit 1 billion users 'within a year'
Microsoft invests $1.5 billion in Abu Dhabi AI company G42
