With the help of Network International, the fintech business noqodi has expanded its digital payment services to include more than only public and private sector services. The partnership will help the Dubai-based company advance its shared objective of advancing the cashless economy in the UAE while giving micro, small, and medium-sized companies (MSMEs) access to more digital payment options.
As part of the strategic partnership, Network will enable the existing payment channels for emaratech-owned noqodi, including e-commerce, point of sale (POS), and software point of sale (SoftPOS), to take card payments. Support for additional unbanked segments, including as retail and trade, will also be added.
General Manager at noqodi, Zahi Kallab, said: “Together with Network, and leveraging noqodi’s unique value proposition, we are committed to supporting MSMEs and simplifying their business operations with accessible and innovative digital payment solutions.”
Kallab added: “This alliance reinforces our dedication to advancing digital payments in line with Dubai’s vision of becoming a fully cashless economy.”
For the government and a restricted group of private merchants, the fintech company is currently integrated with several banks and payment methods that are offered through a single payment platform. Along with complete automation of collections, reconciliation, settlement, and transaction-related services, this also includes cash through partner exchange houses, direct debit, online banking, and cash flow management.
Group Managing Director – Acquiring at Network, Andrew Key, said: “Digital payments are becoming more commonplace in the UAE with businesses of all sizes now shifting toward cashless transactions. Given this, there is a growing need for easily accessible innovative digital payment solutions that help simplify business operations.”
Key concluded: “Our partnership further reaffirms our commitment to boosting digital payments in the region in line with Dubai’s bid to become a fully cashless economy.”