Cardtek, a provider of global payment technologies, announced Wednesday (June 7) that it is collaborating with NXP Semiconductors to deliver the first nationally sanctioned mobile pay solution for Dubai and the United Arab Emirates (UAE).
In a press release, Cardtek said Emcredit, a fully owned subsidiary of the Dubai Economy, will launch empay, a secure mobile pay platform that offers all Dubai and UAE residents the ability to pay for a wide variety of goods and services using smart wearable technology or multifunctional devices.
“empay will stand as a significant benchmark in the marriage between payments and wearables and offer a blueprint for how an entire nation can securely modernize its payment processes — from retail and transit to ticketing and government services,” said Ayşe Sarıgöllü, executive chairwoman of Cardtek, in a press release. “For the first time, consumers will have an integrated platform that offers quick access to a number of retail and service options directly from a wearable device, without being tethered to a particular phone manufacturer, telephone company or third-party provider.”
Cardtek said it will provide the mobile pay infrastructure, mobile industry knowledge, operational services and product enhancements to support the Emcredit empay platform. NXP will manufacture and provide the NFC controller and secure element necessary to allow UAE consumers to utilize the service on wearable devices. As a part of the Dubai Government Smart initiative, empay will bring together a number of service providers — including banks, government departments, retailers, educational institutions and transportation companies — into a common platform where consumers are easily able to access and pay for services from a single mobile wallet. empay will ultimately enable UAE consumers to make retail payments, initiate money transfers and pay for government utilities — like telecommunication and school fees — all from a single mobile wallet using either an “active” wearable or another multifunctional mobile device.