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Ajman Bank joins the Aani Instant Payment Platform

By Gloria Methri

July 05, 2024

  • Aani Instant Payment
  • Ajman Bank
  • Al Etihad Payments

Al Etihad Payments, 
Aani Instant Payment, Central Bank of the UAE, Ajman Bank, Digital Payments, Mobile Payments, Islamic Banking, Mobile Banking, FinTech, UAEAjman Bank has announced its integration with the Aani Instant Payment Platform in collaboration with Al Etihad Payments, a subsidiary of the Central Bank of the UAE. The move makes Ajman Bank one of the few Islamic banks in the region to join the Aani platform.

The Aani Instant Payment Platform will offer real-time funds transfers between Ajman Bank and other local financial institutions within the Aani network.

Ajman customers can use Aani services through the Aani app on both iOS and Android platforms. In a few months, it will also be available via the Ajman Bank app and channels. The app allows transfers through mobile phone numbers, email addresses, and Emirates ID and introduces features such as ‘Send Money,’ ‘Request to Pay,’ ‘Split Bill,’ and ‘QR Code payments.’

On the launch, Mustafa Al Khalfawi, CEO of Ajman Bank, said, “As we forge ahead with the Aani Instant Payment Platform, we are not just embracing the future of banking; we are actively creating it. We believe in the power of technology to transform lives, fostering a banking environment that is efficient and secure. Together, we are setting a new benchmark for the financial industry, ensuring our customers’ needs are met with integrity, innovation, and insight.”

Jan Pilbauer, CEO of Al Etihad Payments, stated, “At Al Etihad Payments, we are committed to creating an ecosystem that promotes innovation, collaboration, and growth, benefiting the entire financial system in the UAE. Our partnership with Ajman Bank on the Aani platform enhances customer experiences and reinforces the UAE’s leadership as a digital payment hub. We are confident that the collaboration will deliver significant benefits to both customers and the wider financial ecosystem.”

This initiative aligns with the Central Bank of UAE’s National Payment System Strategy (NPSS), which aims to modernize the nation’s payment systems and transform the UAE’s trade and payment landscape.

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