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UAE challenger Ruya Bank partners Network International for digital payment capabilities

September 20, 2024

Ruya Bank, the first Islamic digital community bank in the UAE, has signed with Network International for payment solutions.
The partnership provides Ruya with instant transaction processing, customised user interactions, and a full suite of digital services.
Ruya will also use Network International’s value-added services, including tokenisation, card control, and fraud mitigation.
These solutions will help Ruya deliver a digital-first approach, enhancing transaction speed, convenience, and the customer experience.
Ruya Bank, based in Ajman, launched this year with Shariah-compliant retail banking services, including Wakala deposit accounts and savings products.
Business banking services are also planned for future release