NAB Mobile Payments, which is a mobile payments platform, is going mobile.
The company said on Thursday that it will begin shipping in the next few months.
“NAB Mobile payments is one of the first mobile payment platforms in the world and one of our key growth areas,” said NAB CEO and founder Nasser Al-Khelaifi.
“We are committed to supporting customers and our clients with a world-class mobile experience that is simple, reliable, and secure.”
The company launched in March with over 500 merchants including Walmart, Target, Gap, Best Buy, Walmart.com, Walmart Home, Kmart, Toys “R” Us, and more.
The mobile payment platform is currently backed by the Alibaba Group, which makes its money from mobile commerce.
The new payment platform also has its own payment processor, Al-Tayeb.
Al-Mawoudi said that NAB is working on partnerships with existing and emerging mobile payment providers.
“Our first partner is the Alibaba group and they are providing us with additional partners, and we will be working with them,” he said.
NAB has a partnership with BizVest, which has been working on mobile payments for the last five years.
“In 2018, Bizvest introduced BizMobile as a platform that can connect mobile payment transactions and payments services,” Al-Alawadi said.
“It will be a partner in our new mobile payments initiative.
We have a number of partners, including Walmart and Amazon.com.”
NAB also partnered with KFC, which started mobile payments in 2018.
“Mobile payment is the next big trend and we’re ready for this,” said Al-Ghasri.
“As we grow and expand our platform, we will provide a secure and fast mobile payments solution for our customers.
Our team will be in place to deliver the best mobile payment experience to our customers.”
The new mobile payment system has already begun using its own processor, and the company is working with other providers to add new partners.
Algadi said the company will be adding more partners to its platform in the coming months.
He said NIB will continue to invest in technology that enables the payment of digital currencies and other digital assets.
The next phase of the NAB mobile payments is expected to start in 2019, Algadadi said, adding that the company plans to make NAB the number one mobile payment provider in the Middle East.
Alkharim Alkhasi, head of business development for NAB in the UAE, said the launch of the new mobile mobile payments system is part of the company’s strategy to “empower consumers with the ability to make payments in real time on their smartphones.”
“Nab Mobile Payments is committed to providing an innovative and secure mobile payment solution that enables consumers to take payments from their mobile devices without entering a complicated transaction history,” Alkhadi said.