Central Bank of UAE, after thorough evaluation, has selected TPS to deploy National Payment Gateway in the country. The decision was taken after TPS solution Payaxis fulfilled the stringent criteria set by the regulator. Using the payment gateway, people in UAE will be able to make utility payments instantly from anywhere in the country. E-Commerce will be supported, enabling online payments to merchants using credit cards such as VISA, MasterCard etc.
The plug-and-play modules will be easy to use for the merchants and customers can authenticate their credentials using encrypted and secure channels. Along with Credit Card the payment gateway will also support prepaid and debit cards for transactions. This will enable not only instant payments but also e-commerce growth in the country, allowing for more modern service offerings to the customers. It will also be very convenient for tourists and new users to avail the service for payments and transactions.
