Jingle Pay to extend in UAE

Friday 22 May 2020 12:19 CET | News

Dubai-based fintech startup Jingle Pay has announced bringing neobanking to the Middle East, starting with its home turf of the UAE. 

Jingle Pay brings elements of social payments to mobile wallets backed by cash accounts for instantaneous payments and easy money transfers to friends and family. It combines elements of consumer banking and payments with social elements, creating an ecosystem of intuitive engagement, according to PR Newswire.

Jingle Pay has digitized the onboarding process and customer due diligence to cover approximately 7.600 government IDs in 160 countries. Acceptable identification includes Passports, Residency Permits, Emirates ID, and UAE Driver Licenses. Jingle Pay's onboarding involves a live selfie, document verification and thorough digitized AML checks with local and global authorities.

Jingle Pay is currently in the process of getting licensed in the UAE, Indonesia, Philippines and other GCC markets. It is expected to move to full-fledged operations in the UAE in the latter half of 2020.

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Keywords: Dubai, startup, Jingle Pay, Middle East, digital banking, neobanking, neobank, UAE, mobile wallets, payments, onboarding, AML, Indonesia, Philippines, GCC
Categories: Banking & Fintech | Payments General
Countries: United Arab Emirates
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Banking & Fintech

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