ADCB, Mobibucks launch new payment service using mobile number
Abu Dhabi Commercial Bank (ADCB), a UAE-based banking group, and Mobibucks, a mobile payment solutions provider, have formed an alliance to offer a new kind payment product called, Mobi, which uses mobile number for payments.
The mobile payment service allows customers with a patented cashless, card-less, paperless and phone-less payment solution that targets the everyday purchases made by consumers.
ADCB Consumer Banking Group head Arup Mukhopadhyay said this mobile payment service will be used for frequent low-value purchases among the defined target segment.
Mobibucks managing director of the MENA operation Ziad Al Shobaki said this is the first step in bringing a simple, convenient and secure payment solution to the rest of the Middle East and North Africa.
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