Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Agreement signed for new payment channels and services on AjmanPay app

Ajman Department of Finance is seeking to promote cashless transaction in the region. (WAM)
By TRENDS Desk
May 26, 2022 11:29 pm
  • This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors.
  • It also complies with DoF’s efforts to develop innovative financial services that offer customers the facility to save their financial data.

Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the launch of new payment channels and services through the AjmanPay application.

This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors, a statement by DoF said.

The agreement also complies with DoF’s efforts to develop innovative financial services that offer customers the facility to save their financial data.

It includes managing their financial transactions in a unified and tailor-made platform linked to their bank accounts.

Ramana Kumar, Chief Executive Officer of Magnati, said, “Our partnership with Ajman’s Department of Finance on Ajman Pay will accelerate the emirate’s shift toward a cashless economy.”

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]