Emcredit, a subsidiary of Dubai Economy, has partnered with Network International, a payment solutions provider in the Middle East and Africa, to roll out new mobile payment solutions in the UAE.

Both parties have inked a memorandum of understanding (MoU), pursuant to which Network International will deliver advanced acquiring functionality for Emcredit’s next generation mobile payment solution – empay – across sectors.

The partnership between Emcredit and Network International will enable customers to use empay to execute secure and seamless cashless transactions across the UAE.

Emcredit CEO Muna Al Qassab said: “We are delighted to partner with a payments innovator such as Network International to further enhance the overall experience for our customers by offering them a full range of leading edge customised services.

“Our collaboration with Network International demonstrates Emcredit’s commitment to continuously offering more value to customers through innovative technologies.”

Network International managing director Samer Soliman said: “Network International has always supported the UAE’s fast-growing financial services sector, a key driver of economic growth in the country.

“Network International will leverage its world-class infrastructure to ensure that empay taps into a wider customer base by creating a differentiated customer experience through innovative features, seamless integration, enhanced security and greater convenience.”