Mashreq and Al Etihad Payments Announce Collaboration to Launch “Aani Instant Payment Services”
Posted on 20. October 2023 by Fintechnews Middle East
Mashreq, in collaboration with Al Etihad Payments, has unveiled the cutting-edge “Aani Instant Payment Services” on the Mashreq App. This new service is set to revolutionize the payment ecosystem for consumers, luxury outlets, merchants, and more.
Endorsed by the Central Bank of the UAE, this initiative solidifies its position as a trusted and reliable payment solution.
The key features of “Aani Instant Payment Services” include:
– Instant Real-Time Payments: Customers can enjoy fast and secure payment transfers.
– 24/7 Accessibility: Customers and merchants can transact at any time.
– Flexibility: Customers can make payments using phone numbers, email addresses, or IBAN.
– Advanced Features: Options such as Send Money, Request Money, Split Bill, and QR-based payments are incorporated.
– Merchant Payments: Merchants receive instant credits in their bank accounts for transactions made by customers at store locations.
Kartik Taneja, Head of Payments and Consumer Lending at Mashreq, expressed his excitement about the incorporation of “Aani Instant Payment Services.” He stated, “By embracing Mashreq’s legacy of innovation, this service positions us at the forefront of the digital payment ecosystem. Together with Al Etihad Payments, we are redefining transactional convenience and delivering transformative payment solutions. This venture demonstrates our commitment to a seamless financial future.”
The UAE has experienced a significant increase in international visitors in recent years, further establishing its appeal. The launch of “Aani Instant Payment Services” aims to enhance payment experiences for both residents and visitors, offering unparalleled financial convenience.
Jan Pilbauer, CEO of Al Etihad Payments, also expressed his excitement about the collaboration, stating, “We are thrilled to introduce Aani, a new payment platform that showcases our commitment to innovation and excellence. Working closely with Mashreq and NEOPAY, we are reshaping digital payments in the UAE. Aani provides a friction-free user experience with efficiency and security. We look forward to unveiling additional features in the future.”
Featured Image: Jan Pilbauer, CEO of Al Etihad Payments, and Kartik Taneja, Head of Payments and Consumer Lending at Mashreq.
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