Ajman Bank has entered into a strategic partnership with Magnati, a leading payment solutions provider, to enhance the digital payment capabilities of its corporate and business banking clients.
Through this collaboration, Ajman Bank will leverage Magnati’s merchant acquiring services to offer secure payment solutions for both online and in-store payments.
According to the statement, with Magnati’s expertise in payment processing and Ajman Bank’s robust banking infrastructure, clients can look forward to a more streamlined and efficient payment experience.
Mustafa Al Khalfawi CEO – Ajman Bank
“Our collaboration with Magnati will enable us to offer our corporate and business banking clients with state-of-the-art technology and innovative payment solutions. It aligns with Ajman Bank’s strategic vision of fostering innovation and embracing cutting-edge technologies to push the boundaries of excellence. We are committed to providing top-tier banking solutions that cater to the evolving needs of businesses to thrive in an increasingly digital economy by supporting their growth and success.”
Ramana Kumar, CEO of Magnati, said that, “We are excited to partner with Ajman Bank to implement our advanced merchant acquiring services. Our solution is designed to offer improved experiences and increased efficiency with fast, secure, and convenient payment options. With a vast network of partners and state-of-the-art platform, we ensure an efficient connection across the ecosystem.”
In June, Ajman Bank became one of the first banks in the UAE to successfully integrate Jaywan card acceptance across its ATM network.
The Jaywan card, launched by Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), is designed to boost efficiency and sovereignty in the national payment landscape by promoting digital transactions in the local currency.
