Cardtek, a global payment technologies provider, is collaborating with NXP Semiconductors to deliver the first nationally sanctioned mobile wallet solution for the United Arab Emirates, the company said.
Emcredit, a fully owned subsidiary of the Dubai Economy, will launch empay, a secure mobile payment platform that offers all United Arab Emirates residents the ability to easily pay for a wide variety of goods and services using smart wearable technology or multifunctional devices.
Cardtek will provide the payment infrastructure, mobile industry knowledge, operational services and product enhancements to support the empay platform. NXP will manufacture and provide the NFC controller and secure element (SE) necessary to allow UAE consumers to utilize the service on wearable devices.
As a part of the Dubai Government Smart initiative, empay will bring together a number of service providers — including banks, government departments, retailers, educational institutions, and transportation companies — into a common platform where consumers are easily able to access and pay for services from a single mobile wallet.
empay will ultimately enable UAE consumers to make retail payments, initiate money transfers, and pay for government utilities — like telecommunication and school fees — all from a single mobile wallet using either an “active” wearable or another multifunctional mobile device.
Since 2001, Cardtek has provided innovative end-to-end payment solutions to more than 150 customers in 25 countries, including financial institutions, processors, telecom operators, personalization bureaus, retailers, terminal and card vendors, and public transportation authorities.
NXP Semiconductors enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer.
Emcredit is the UAE´s pioneer credit information company created by the Dubai Department of Economic Development (DED).