Tag: uae mobile payments

Mobile wallet payments to break $13 billion by 2021 in UAE

Stephanie Beck
mobile payments awareness wallet NFC near field communication

Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent market share in five years. The prediction is that the mWallet will generate $13.6 billion in mobile…

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MasterCard to launch new mobile commerce platform in UAE

L. Green
NFC mastercard Facebook Messenger QR codes

New platform to be released in the United Arab Emirates later this year MasterCard is preparing to increase its mobile commerce efforts in the United Arab Emirates. The country has become a very prominent mobile market, with smartphone penetration rising rapidly. As mobile devices begin to play a more significant role in the lives of consumers throughout the country, they are looking for services that allow them to shop online directly from these devices. MasterCard is set to launch a new mobile wallet that may be able to accommodate the…

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NFC technology combined with SIM cards to be unveiled by Du

John Montgallo
NFC Technology

The near field communication announcement is expected to occur within the first half of next year. Executives from Du, a UAE telco provider, have stated that NFC technology will become a standard feature in smartphones within that country within the first half of next year. This is expected to open up a range of important opportunities for businesses in many industries. The release of NFC technology on such a vast scale throughout the country could also considerably improve the likelihood that mobile wallets will take off in the UAE. This…

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