Emirates NBD, biggest bank of Dubai, announced the launch of a unique contactless payment service to enable its customers to make in-store purchases quickly via a mobile banking app. This service is a first of its kind innovation in Central Europe, Middle East, and Africa and also is part of a Dhs500 million investment from the bank that will be done in three years. Any customer with a Visa debit or a credit card and an Android mobile gadget can upgrade their Emirates NBD app, and start availing the technology immediately. Then the client only has to wave their smartphone near the chip and pin terminal.
Emirates NBD is considered to be one of the biggest banking groups in GCC with over 220 branches and more than 900 ATMs and Cash Deposit Machines (CDMs) spread across the UAE and abroad.