Dubai launches the UPN payments platform to facilitate cashless transactions

Tuesday 8 December 2020 14:20 CET | News

Dubai has launched the Unified Payments Network (UPN), a payments platform aimed at bringing together all payment service providers as well as the unbanked and underbanked merchants to facilitate cashless transactions.

Merchants will now be able to engage in cashless transactions via UPN, with the ability to configure the payment acceptance channels on-the-go. UPN's 'Digital Settlement Account' will also enable them to accept all types of payments in one digital account.

The platform provides an end-to-end digital payment acceptance solution capable of processing any digital payment, including micropayments and card to wallet transactions, locally or internationally issued.

UPN is also hosting services from all local and international payment cards, wallet payment service providers, payment acquirers, banks, exchanges, as well as remittance houses, including Mashreq Bank, First Abu Dhabi Bank, Royal Cloud Payments, Network International, Etisalat, Al Fardan Exchange, InstantCash, PaySky, and PayBy.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Dubai, UPN, merchants, digital payments, payment service providers, PSPs, cards, wallets
Categories: Payments & Commerce
Countries: United Arab Emirates
This article is part of category

Payments & Commerce

Industry Events