Pay By has developed a payment app that caters to 100,000 users
74% of UAE users prefer electronic bill payment
The Corona pandemic has led to an acceleration of the adoption of electronic payment applications.
Archives
The Corona pandemic has led to an acceleration of the adoption of electronic payment applications.
Archives
picture
The director of business development at the Abu Dhabi-based Emirati Pay By company, which specializes in electronic payment, Ahmed Al Saadi, said that a study conducted by the company showed that 74% of users in the country prefer electronic payment of bills, while 72% prefer electronic payment for retail supplies. And restaurants.
He added that the UAE has become a leading regional platform for electronic payment services, as it has managed to attract a large number of international and local companies, to launch their projects from them with the great development in its infrastructure for electronic services, support for digital transformation, as well as ease of use, the development of laws and legislation, and keep pace with them. Of recent technological changes in this field.
high demand
Al-Saadi added to Emirates Today that electronic payment applications are somewhat new, not only in the Emirates, but in most countries, especially with the spread of the Corona pandemic, which led to the acceleration of the adoption of these applications.
He stated that electronic payment applications have found great demand in the Emirates, especially that 70% of the country's population is young people (less than 35 years old), who are considered to be at the forefront of users of those applications, which increase in their number and services continuously, whether for what concerns consumers, or Merchants, or service providers in general.
Online payment
Al-Saadi expected that the adoption of electronic payment applications will not decline after the end of the pandemic, especially after users found that they are easy to use, in addition to the speed and high degree of security they enjoy.
Implementation
Al-Saadi revealed that there are more than 100,000 users, currently, for the services of the "Pay By" application developed by the company and bearing the same name, explaining that the most used services in electronic payment relate to the retail sectors and to pay bills.
He said that the application has started a deferred payment service, which aims to allow users to pay in installments for retail bills, indicating that the service is currently undergoing trial, in preparation for its widespread launch before the end of this year.
Partnerships
Al-Saadi mentioned that there is a demand from grocery stores and retailers to use the "Pay By" application, pointing out that more than 70 grocery stores in Abu Dhabi currently accept payment through the application, and partnerships have been concluded with government agencies to pay via the application, such as: Department of Transportation, While there is support from the Health Authority in Abu Dhabi to accept health facilities, pharmacies and hospitals to pay, through the application, as well as partnerships with other bodies, such as: "LuLu Hypermarket" and First Abu Dhabi Bank, which activated 40 thousand points in the areas of retail sale, to pay via The application.
safety
The Director of Business Development at Pay By, Ahmed Al-Saadi, affirmed the commitment of the Pay By application to the utmost safety in use, by taking advantage of the strong digital infrastructure of the Emirates and implementing the latest cybersecurity trends, such as: encryption using artificial intelligence, and following international standards Certified by the major cybersecurity agencies in the world.
Follow our latest local and sports news, and the latest political and economic developments via Google news