Abu Dhabi Islamic Bank (ADIB) has launched Samsung Pay for its Visa cardholders, the lender’s first mobile wallet system.
Philip King, the Global Head of Retail Banking at ADIB, said, “ADIB’s Visa covered cardholders can use the convenient Samsung Pay service to make payments, the secure and simple process represents the future of payments and is a further demonstration of ADIB’s commitment to providing innovative digital banking solutions to customers.”
The lender is currently undergoing a digital transformation strategy to enhance the customer experience and an initial phase in the bank’s digital development programme was the launch of ADIB Express.
ADIB stated that the launch of ADIB Express was complemented by pioneering mobile services such as Express Finance—which enables customers to receive funds in as little as 30 minutes through ADIB’s mobile App.
Shahebaz Khan, Visa’s General Manager for the UAE, said, “Samsung Pay uses Visa’s tokenisation technology to secure transactions by replacing the 16-digit card number with a token.”