In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched ‘payit’, the country’s first fully-featured digital wallet.
FAB launches digital wallet 'payit'
premium
Q+
05/03/2018Article
Related news & insights
Digital Reinvention
24/03/2025News
Daviplata reaches 18.5 million users in Colombia, with women leading adoption
Davivienda's digital wallet, Daviplata, has continued its impressive growth, reaching 18.5 million customers in Colombia.
Digital Reinvention
19/03/2025News
Burbank launches first online card-present payment, enhancing digital security
The innovation, known as "Card-Present over Internet" (CPoI), introduces tap-and-PIN authentication to online purchases for the first time, bringing a...
Digital Reinvention
05/03/2025News
Revolut expands with seamless one-click payments for Wizz Air travelers
Initially available through the airline’s mobile app, the feature will be extended to its website in May.
Digital Reinvention
04/03/2025News
Bank of America reports record 26 billion digital interactions, driven by AI and mobile banking
With over 58 million verified digital clients, the bank continues to enhance its digital offerings to drive business growth and...
03/03/2025Article
Key trends shaping the global payments landscape in 2025 and beyond
The global payments landscape is undergoing a transformative shift, with projections indicating that global payment revenues will reach $2.3 trillion...
SME Banking
03/03/2025News
PayPal and Verifone partner to launch global omnichannel payment solution
The collaboration combines Verifone’s in-person payment technology with PayPal’s enterprise payment processing and e-commerce platform, Braintree, creating a scalable and...
Digital Reinvention
27/02/2025Article
Financial Innovation Spotlight – February 2025
This month’s Financial Innovation Spotlight features five eye-catching initiatives from around the world by Nubank, Standard Chartered, Tune Protect, Banco...
Digital Reinvention
13/02/2025News
BNP Paribas and BPCE launch Estreem: A new payments processing leader
Estreem will handle 17 billion card transactions annually, covering 30% of France’s card payments, and aims to expand across Europe.