Digital Financial Services has joined forces with Al-Futtaim to roll out contactless payment options for eWallet users across its brand network across the UAE.

eWallet customers can now make purchases at selected Al-Futtaim brand stores including Al Futtaim Watches and Jewelry, Watsons, IKEA, Marks & Spencer, Ace Hardware, and Toys R Us, among others.

Regulated and licensed by the Central Bank of the UAE, eWallet allows users to make payment through a mobile app, without need to have a bank account, credit or debit card.

Digital Financial Services is a joint venture of Etisalat and Dubai Islamic Bank.

Etisalat chairman of digital payment services Ahmed Al Awadi said: “Contactless payments have emerged as an integral solution for all businesses enabling them to drive their business forward along with ensuring safety to combat the current pandemic.

“eWallet has given all consumers and businesses a safe and convenient channel interacting with fewer surfaces providing an optimal and seamless experience.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Customers can open an eWallet account using a valid Emirates ID and a UAE mobile number. Once registered, customers can top up their wallet balance and transfer money through their mobile phones.

Users can also transfer money to own or third-party bank accounts, make direct payments at merchants, pay bills and recharge mobile.

The service is available within UAE and internationally across 200 countries and territories.

Al-Futtaim executive vice-president Paul Carey said: “As the digital payments landscape is rapidly changing in the UAE, our focus is to ensure our customers can pay with the latest payment solutions in a secure and seamless manner.

“Our partnership with eWallet will enable us to broaden our contactless payment options, so important at this time to safeguard our customers and staff when checking out.”

Last June, Moneygram International entered into a remittance partnership with Digital Financial Services, enabling eWallet users to make cross-border remittances to over 200 countries and territories.