Tuesday, October 15, 2024
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UAE challenger Ruya Bank partners Network International for digital payment capabilities

  • 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

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