eWallet Cash-In services in the U.A.E.

Technology advancement and access to mobile phones has transformed the way people communicate and now mobile phones are a part of everyday life instead of just being a means to communicate. This has given a way to an increased development in mobile applications and digital wallet service is one such phenomenon.

How about a mobile application which enables you to do most of your bank activity anytime and anywhere?

Paynet.Red makes this possible by collaborating with eWallet and providing eWallet top-up services to their customers available on the portal for the benefit of the customers.

Etisalat and Noor Bank's partnership has brought the idea of «eWallet», a smartphone application offering digital payments in an extremely fast and secure manner. It allows local transfers, merchant purchases in UAE and at the same time customers can remit money to their friends and family in over 200 countries. Through Paynet.Red, customers will be able to instantly top up their eWallet account from the comfort of their homes, which ultimately saves time and effort.

According to the statistics report of Global Digital Review, almost 99% of UAE population has internet access growing to 100% very rapidly. This shows that UAE population is one of the biggest markets for consumer applications and digital wallet industry where Paynet.Red is providing such facilities to meet the growing demand.

Commenting on this joint agreement with eWallet, Ilya Ratovsky, Paynet.One’s Co-Founder and Head of R&D, said:

We believe eWallet is a visionary product and our collaboration will benefit customers, especially expat workers who use eWallet to recharge their account through the Paynet.Red website. eWallet recharge is already available at our own Paynet kiosks across the UAE and is seeing a great traction.

Ahmed Al Awadi, Chairman of eWallet, said:

eWallet continues to be an innovative solution that uplifts the way UAE residents conduct financial transactions today. We are pleased to collaborate with Paynet.One, our first partner to offer eWallet cash-in services via its online portal Paynet.Red, in line with our commitment to continuously facilitate easier and seamless digital transactions and enhance customer experience.

Paynet.Red is an Ecommerce website developed by Paynet.One which allows customers to purchase mobile airtime, gift cards and bill payment services through its portal.

About Paynet.One

Paynet.One is a payment service provider headquartered in Dubai, United Arab Emirates. Over the past 7 years, Paynet.One has evolved to providing mobile airtime and bill payments through its extensive network of Self-operating Kiosks, POS terminals, Web and Ecommerce Portals and WhatsApp applications for over 100 countries and 900+ mobile operators. Paynet is a Retail Enabler in a true sense and cooperates with more than 5000 retailers in UAE and worldwide.

About eWallet

eWallet is the new digital payment solution that enables consumers, agents, merchants and corporations to make and receive their payments in an easy, fast and secure way. The service is available via smartphone applications for consumers; web portals, smartphone applications and direct interface using APIs for agents, merchants and corporations. Digital Financial Services LLC owns the brand eWallet and is born out of the partnership between Etisalat and Noor Bank. eWallet will provide the UAE with an opportunity to shift to a cashless economy that is open to all.

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