UAE’s Ajman Bank signs deal to implement payment solutions

RIYADH: Ajman Bank, one of the leading Shariah-compliant banks in the UAE, has signed an agreement with VaultsPay, a fintech company, to provide digital financial solutions for businesses and individuals.

The partnership will expand the bank’s payment capabilities by introducing digital access to financial services for its clients in the UAE.

“Our goal is to develop a robust electronic payment ecosystem driven by data and insights to increase the safety and security of electronic payments,” Ajman Bank CEO Mohamed Amiri said in a statement. Founded in 2020, VaultsPay is a UAE-based payment gateway platform.

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