back Back

RAKEZ and noqodi partner to offer e-wallets payment solutions for clients

By Leandra Monteiro

November 09, 2022

  • BNPL
  • Digital Payments
  • e-Wallets

noqodi, RAKEZ Ras Al Khaimah Economic Zone (RAKEZ) partnered with noqodi, a UAE-based FinTech company, to extend an array of digital payment solutions to its clients.

This collaboration gives businesses operating in the economic zone access to many services and features such as e-wallet transactions, scheduling regular payouts, receiving money without technical integration, sending money directly to their preferred channels, using noqodi’s point-of-sale machines, and managing these activities on a personalised dashboard. It is the first and only digital solution in the UAE that enables businesses to obtain a virtual IBAN to top up their wallet.

Commenting on the partnership, Ramy Jallad, Group CEO of RAKEZ said, “We are happy to have noqodi join our pool of digital financial solution-providing partners, in line with our commitment to provide continuous support to our clients, by facilitating easy access to innovative digital solutions that simplify their daily business operations. Our goal is for our clients to enjoy a range of quick, convenient and seamless payment options that will help them process their payments efficiently.”

Zahi Kallab, General Manager of noqodi said, “We are pleased to collaborate with RAKEZ to expand their service offerings by providing the licensed merchants with noqodi comprehensive payment services, including wallet payment, online gateway, QR Code (scan and pay), etc. as well as ‘Buy Now Pay Later’.”

Kallab added, “noqodi has been partnering with key organisations that are looking to provide upscale payment solutions to their customers and support them with their transformation towards digital and cashless economy initiative in the UAE. RAKEZ is considered among the top authorities in the UAE to support existing and newly established businesses.”

Previous Article

November 09, 2022

Sacombank selects Temenos Infinity to elevate digital banking

Read More
Next Article

November 09, 2022

10 Dutch FinTechs selected for accelerator

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


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


Hecto Financial eases cross-border transactions with new solution

Read More


Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today 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!
Get your copy now! IBSi Sales League Table 2023