Abu Dhabi Islamic Bank Partners With UAE’s Ministry of Finance for eDirham Cardsby Fintechnews Middle East 23. September 2020
Abu Dhabi Islamic Bank (ADIB) announced that it had partnered with UAE’s Ministry of Finance (MoF) to offer a range of third-generation eDirham cards for cashless payment services.
eDirham cards offer a smart payment method accepted by more than 5,000 government services in ministries, federal and local authorities. The system offers many advantages, including lower costs and the possibility of paying service fees through different payment channels, which include eDirham’s apps for phones, e-wallets, vouchers, and self-service eKiosks.
The ADIB eDirham Gold and ADIB eDirham Signature cards represent the third generation of the eDirham cashless payment service.
Working in collaboration with the MoF, the ADIB eDirham cards is said to be a smarter way to reduce transaction fees. The contactless cards are Chip and Pin enabled to offer easy and secure payments and can be topped up at any of ADIB’s branches across the UAE.
The cards can also be linked to the eDirham Instant app where customers can make instant payments, view their transaction history and manage their user profile on the go.
H.E. Saeed Rashid Al Yateem, Assistant Undersecretary of Resource and Budget Sector at the Ministry of Finance, commented:
“The eDirham platform is witnessing an ever-growing increase of customers as a result of the Ministry’s efforts to develop an advanced and secure digital infrastructure that manages daily transactions, and to provide a digital and physical network to enable customers to easily recharge their account. Through strategic partnerships with banks and finance institutions, we have developed an innovative card that enables the relevant ministries, entities and government-related authorities to collect their fees in a reliable and highly efficient manner.”
Featured image via ADIB Twitter