Mawarid Finance, in partnership with Arab Financial Services (AFS), a digital payments solutions provider and fintech enabler in the Middle East and Africa, has launched a digital application for credit card issuance and management.
The initiative aims to support the shift towards digital financial services and improve user experience in the UAE.
The application provides a fully digital process for applying, approving, issuing, and managing credit cards through a smartphone.
This removes the need for physical branch visits or paper-based processes, reducing the time required for customers to access services.
This development follows a formal agreement between Mawarid Finance and AFS to offer advanced financial technology solutions that respond to both local market demands and international fintech trends.
The application allows users to issue credit cards instantly, monitor transactions, and manage accounts in real time.
It includes data protection and privacy features to ensure security.
Rashid Al Qubaisi, CEO of Mawarid Finance, said:
“This innovative platform is a testament to our relentless pursuit of empowering customers with secure, efficient, and exceptionally easy access to our comprehensive suite of products.”
Samer Soliman, CEO of AFS, added:
“Together, we are meticulously crafting and delivering innovative digital experiences that not only adhere to rigorous global standards but also provide users with an intuitively seamless and highly secure financial journey.”
This launch is part of Mawarid Finance’s strategy to grow its customer base and introduce flexible, digital-first financial products for individuals and businesses in the region.
Featured image credit: Edited by Fintech News Middle East, based on image by ddy_setya via Freepik
