back Back

Magnati & WeChat Pay to expand payment options for UAE merchants

By Delisha Fernandes

December 08, 2023

  • B2B Merchants
  • Cards
  • digital payment
Share

Magnati, Sheikh Shakhbout Medical City, healthcare payments, cards, e-wallets, digital payment, digital transformation, Fintech news, Fintech Abu DhabiMagnati, a payments solutions provider in the Middle East, has partnered with WeChat Pay, a mobile payment service by Tencent Holdings Limited.

This collaboration will enable merchants in the UAE to accept WeChat Pay payments on the current payment acceptance channels, offering customers a convenient and secure way to pay.

Digital platform WeChat Pay, offers a diverse range of payment features, both in-store and online. Committed to expanding its current portfolio with relevant new offerings, Magnati has partnered with WeChat Pay to broaden its payment solutions and provide merchants in the UAE access to a larger customer base.

Ramana Kumar, Chief Executive Officer of Magnati, said, “At Magnati, we are constantly looking for innovative ways to meet the evolving needs of our customers, set regional trends and simplify the payments process. Partnering with WeChat Pay is a significant step forward in achieving this goal. We believe that this collaboration will not only enhance the convenience of payments but also bring added value to our customers’ daily lives, providing a one-stop solution for our merchants.”

Magnati has seamlessly integrated WeChat Pay into its existing payment ecosystem, making it easy for businesses to accept WeChat Pay payments on their payment terminals. This integration will enhance the shopping and payment experience for Chinese tourists and residents in the UAE, offering them a familiar and convenient interface.

Jeff Hu, General Manager, WeChat Pay EMEA, said, “WeChat Pay has consistently been committed to offer secure and hassle-free payment experiences for Chinese travelers. This collaboration enables Chinese tourists to have a seamless mobile payment experience similar to what they enjoy in China while visiting the UAE.”

Previous Article

December 08, 2023

Ashv Finance raises $10m in Series E funding led by Encourage Capital

Read More
Next Article

December 08, 2023

Modefin & Bank of Bhutan win the Most Agile Deployment Award at IBSi GFIA 2023

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

B2B Merchants

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Hecto Financial eases cross-border transactions with new solution

Read More

Today

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023