Dubai, UAE – du Pay, the digital financial services subsidiary of du, has announced an innovative partnership with Emirates NBD to introduce virtual IBANs for its users. This collaboration aims to simplify fund transfers within the UAE, offering enhanced convenience and security for du Pay customers.
The partnership allows every du Pay user to benefit from a unique virtual IBAN, streamlining the process of sending and receiving funds directly through the du Pay app. Additionally, du Pay customers can now enjoy the convenience of cardless cash withdrawals from any Emirates NBD ATM across the UAE. This comes as an extension to the existing service, which allows cash withdrawals through du Pay’s physical card at any ATM in the country.
A Milestone in Digital Transformation
Nicolas Levi, CEO of du Pay, commented on the partnership:
“Our collaboration with Emirates NBD marks a significant milestone in our mission to streamline and secure financial transactions for users in the UAE. By leveraging cutting-edge technology, we are elevating the user experience while reinforcing our commitment to innovation and customer satisfaction.”
Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD, echoed this sentiment:
“As a leading bank in the UAE, we have been at the forefront of introducing innovation in banking solutions. Partnering with du Pay allows us to contribute further to the digital transformation of the UAE’s financial services sector. Together, we are providing accessible, user-friendly financial solutions that empower communities.”
Enhanced User Experience and Convenience
The new partnership underscores du Pay’s vision to redefine financial services through innovation. Users can now benefit from greater flexibility and enhanced security, expanding the array of digital solutions available to them. Emirates NBD’s advanced infrastructure ensures smooth and seamless integration of services, further enhancing the digital banking experience for du Pay customers.
With these new services, du Pay continues to offer a comprehensive range of financial solutions — from bill payments and mobile recharges to competitive international money transfers — all accessible through a user-friendly platform that promotes inclusivity and financial security.
About du Pay
A subsidiary of EITC, du Pay is committed to transforming digital financial services in the UAE. Licensed by the Central Bank of the UAE, du Pay leverages EITC’s robust infrastructure to offer seamless online and offline payments, utility bill services, mobile recharges, and more. Focused on inclusivity, security, and innovation, du Pay aims to make comprehensive financial services accessible to every resident across the UAE.
About Emirates NBD
Emirates NBD is a leading banking group in the MENAT region, operating in 13 countries and serving over 9 million customers. With total assets of AED 902 billion as of March 31, 2024, the Group offers a wide range of financial services, including retail, corporate, Islamic, and investment banking. A key player in the global digital banking industry, Emirates NBD conducts 97% of its financial transactions outside physical branches. The bank is also committed to sustainability, supporting the UAE’s Year of Sustainability and acting as the Principal Banking Partner of COP28.
For more information about du Pay and its services, please visit www.dupay.ae.
