Dubai Islamic Bank’s JV Partners Lulu for Contactless E-Wallet Payment Optionsby Fintechnews Middle East 22. April 2021
With this partnership, customers will be able to use their e-wallet for purchases made at Lulu hypermarkets, supermarkets, department stores across the UAE as well as in Lulu’s web store.
The eWallet is regulated and licensed by the Central Bank of the UAE.
The eWallet does not require a bank account, credit or debit card to do digital payments. Customers need a valid Emirates ID and a UAE mobile number to open an eWallet account.
Once registered, users can instantly top up their wallet balance and start sending and receiving money within the UAE as well, amongst 200 countries and territories, through their mobile phones.
Further services include transfer to own or third-party bank accounts, direct merchant payments, bill payments, and mobile recharges, amongst others.
Ahmed Al Awadi, Chairman of Digital Payment Services said,
“eWallet continues to be at the forefront of innovation as more UAE residents experience the benefits of a secure and contactless payment method, even more so during these unprecedented times.
Our partnership with Lulu Group International demonstrates our commitment towards an instant and cashless payments ecosystem, further enriching our consumers with a state-of-the-art customer service experience.”
Ashraf Ali MA, Executive Director, Lulu Group International said,
“Innovation and ease of doing business have always been our key focus areas.
Contactless payment options are of prime importance to us and we strongly believe that collaborating with tech leaders such as Digital Financial Services will further boost the in-store and online shopping experience of our large multi-ethnic shoppers.”