The UAE will soon cancel payment cards and replace them with a more advanced system

rawda samy - | UAE

The United Arab Emirates will soon ban payment cards and replace them with a more advanced system.

What about payments made using a card? Soon, all you have to do to make purchases is wave your palm.

The UAE will soon offer the Palm Pay payment system for free.

In the near future, the United Arab Emirates will provide the Palm Pay payment system at no cost.

Users will have free access to Palm Pay, which will roll out gradually throughout 2024.

Soon, you will be able to pay for your goods at stores all throughout the United Arab Emirates by simply placing your palm in front of the machines. After you have finished shopping, you will no longer be required to swipe your bank cards or phones at the cash register.

"We plan to gradually roll out the Palm Pay technology throughout the entirety of 2024," stated Abdallah Abu Sheikh, the founder of the technology development business Astra Tech, in an interview with Khaleej Times. The corporation introduced the payment option at the Dubai Fintech Summit through its subsidiary, PayBy, a financial technology company.

Palm Pay, a contactless payment system, utilizes biometric authentication methods to facilitate payments. In order to verify the legitimacy of transactions, payment terminals will read the palm prints of customers.

We currently have a specific number of machines that we will use for testing purposes within the local market's infrastructure. "This will ensure that we are completely ready to scale to over 50,000 PayBy merchants throughout the course of the year," Sheikh said. We are now working to smooth out the final details to ensure the smooth implementation of Palm Pay this year.

The company is investigating the possibility of linking the technology with financial institutions, which would allow users to immediately link their accounts with it "in the future."

How can I subscribe to the Palm Pay payment service in the Emirates?

In the Emirates, what are the steps I need to take to sign up for the Palm Pay payment service?

The users will not be required to pay for the technology. During the first phase of the project, users will be able to register themselves using the gadget itself at the point of sale. In the future, we will integrate the palm authentication process into apps like PayBy and Botim, enabling consumers to effortlessly update their accounts using their palm prints through an authentication feature on their phone. This will function in the same way that the facial recognition authentication process operates today.

"They will then be able to use the Palm Pay technology for payments by simply waving their palms at all merchants that adopt this innovative technology, providing immediate access and convenience," added Sheikh. "This will allow them to make payments whenever they want, wherever they want."

According to the business, the technology provides a more secure alternative to conventional card payments, as well as other payment methods.

About Author

rawda samy
rawda samy
1356 Total posts

Read Also

The UAE announces a heavy fine of up to 100 thousand dirhams

The UAE Ministry of Human Resources and Emiratization (MoHRE) said on Friday that more than 1,370 private enterprises will be subject to severe penalties after it was discovered that they had broken the Emiratization regulations.

The UAE imposes fines of up to DH 100,000 on 1,300 companies for Emiratisation violations

The United Arab Emirates (UAE) levies fines of up to DH 100,000 on 1,300 businesses for violations of the Emiratization law.

The UAE announces the deaths of two policemen while performing their duties in Abu Dhabi.

The United Arab Emirates (UAE) reported that two police officers died while performing their duties in Abu Dhabi.

Dubai Police issued special instructions to vehicle owners today.

The Dubai Police Department sent special instructions to car owners today during the President's Cup Finals.

Emirates Airlines provides new job opportunities for residents and gives its employees 20-week bonuses

Emirates Airlines offers new job opportunities to residents and offers 20-week incentives to its employees.

A resident in Dubai wins a million dollars

A woman received a million dollars after using her husband's financial gift to buy a duty-free ticket to Dubai.

The UAE employees take a long holiday on Eid al-Adha

On the occasion of Eid al-Adha, the employees of the UAE take a lengthy vacation.

Airline offers are available in the Emirates on the occasion of the Eid Al-Adha holiday

On account of the Eid al-Adha festival, the Emirates of the United Arab Emirates are offering special deals on airline tickets because of the Eid al-Adha festival.

The UAE announces a single visa that allows its holders to travel to 6 countries for work and leisure

The UAE announced the availability of a single visa that entitles its holders to business and leisure travel to six nations.

The steps to extend a UAE visa: documents and fees required to renew a Dubai visa

The procedures for extending a UAE visa include the necessary paperwork and costs.

The UAE Police explains to employees the procedures for filing complaints against abusive co-workers

Employees receive instructions from the UAE Police on the procedures to follow when filing complaints against abusive coworkers.

The UAE announces a new 10-year blue residency permit

The United Arab Emirates has declared a permanent residence for environmentalists.

New UAE Blue Visa: A new visa for UAE residents for 10 years

The Blue Visa, a new visa for citizens of the United Arab Emirates, is available.

The UAE permits an employee to lodge a police complaint against their co-worker

In the United Arab Emirates, it is possible for an employee to file a complaint with the police against a coworker.

Police issued important warnings to drivers in the UAE after weather alerts were issued today

The police in the United Arab Emirates (UAE) issued important cautions to motorists after issuing weather alerts today.

The police announce new speed limits on Ras Al Khaimah roads

On the roadways of Ras Al Khaimah, the police authorities have announced new speed limits.

UAE authorities warn residents of dangerous water currents on the beaches

There are potentially hazardous sea currents on the beaches, according to the authorities in the UAE.

Good news from Flydubai to all its customers

Flydubai has affirmed its plans for a highly active summer, emphasizing its commitment to upgrading its aircraft fleet. Additionally, the airline will gradually transition to Al Maktoum International Airport within the next two years.

An important warning from Sharjah Police to parents

The Sharjah Police General Command cautioned parents about the perils of engaging unlicensed drivers to transport their children to and from schools. This practice poses significant risks to the lives of their children, as these drivers are unaware...

Etihad Airways announces good news to all its customers

Amina Taher, the Vice President for Brand, Marketing, and Sponsorships at Etihad Airways, announced that the national carrier will be introducing seasonal flights during the summer season. These flights will include several destinations, with notable...

Emirates Airlines launches flights to 9 new destinations