Network International, a payment solutions provider in the Middle East and Africa, has selected payments technology company Quisk’s new cashless, cardless and mobile-free payment solution to perform payment transactions without the use of cash, cards or their mobile phones.
The cloud-based solution, which is led by Dubai Smart Government (DSG) and developed by Quisk, will be implemented across Network International across its points of sale (POS) merchant network in the UAE in 2016.
The solution will use mobile phone numbers and a secured PIN to create and access a new type of digital cash account.
The new offering will not require smart phones or mobile operator services and can be used for physical and online payments for a wide variety of transactions including retail, government services and bill payments.
The launch of the new payment service is part of Dubai Smart Government’s mission to integrate technology to create solutions that will boost Dubai’s overall economic welfare and global competitiveness, while contributing to social progress.
DSG CEO Wesam Al Abbas Lootah said: "Signing a strategic partnership contract with Dubai-based Quisk Middle East and Network International to activate a smart payment service channel for individual and corporate retail customers via mobile phone numbers will enhance our corporate vision of establishing a distinctive smart city that offers the world a new and unique model of developing cities."
Network International CEO Bhairav Trivedi said: "We are delighted to collaborate with Quisk to make available innovative and convenient payment solutions across our network of POS terminals.
"This solution heralds a new era of cashless payments across the region, enabling people to conduct transactions anytime and anywhere, in line with Dubai Smart Government’s smart transformation initiatives to support Dubai’s aspirations."
Quisk chairman and CEO Steve Novak said: "Quisk’s unique digital cash payment solution will advance the Smart Dubai Initiative, moving Dubai towards achieving its goal of becoming the world’s smartest city."