UAE fintech enterprise PayBy provides a suite of payment solutions
Abu Dhabi-based innovative fintech enterprise PayBy has unveiled a major milestone in its strategic partnership with First Abu Dhabi Bank (FAB). PayBy is now integrated with more than 40,000 point of sale (PoS) machines at more than 30,000 FAB merchant partners in the UAE.
“FAB has always been committed to driving digital payments in the UAE, and our partnership with Pay By to enable acceptance of their digital wallet across our POS merchant network will support this goal,” remarked Ramana Kumar, EVP and Head of Payments and Digital Banking, PBG, FAB.
Merchants signing up for PayBy’s mobile payment option benefit from growing their customer base and can be used by consumers without credit cards or bank accounts to make digital payments, a press statement indicated.
The integration will substantially increase the number of merchants that accept payments through PayBy from customers.
