Network International, ruya Bank to provide digital payment technology

ABU DHABI: Network International has announced a strategic partnership with ruya, the UAE's digital-first Islamic community bank, to transform Islamic banking with digital payment technology. The partnership will enable ruya to offer customers a smooth and secure digital banking experience by seamlessly integrating advanced digital technology with Islamic banking principles. Leveraging Network's cutting-edge payment solutions, ruya will introduce features including instant transaction processing, customised user interactions, and a comprehensive suite of digital services. Network will drive a digital-first approach in providing services, significantly enhancing transaction speed, convenience, and the overall customer experience. Additionally, Network will offer value-added services such as tokenisation, card control and fraud solutions while supporting ruya's Shariah-compliant services and their ethical and Islamic banking practices. Christoph Koster, CEO of ruya, said, 'We are confident this collaboratio n with Network International will further enhance our ability to provide secure digital-first banking products and exemplary customer service to support individuals, businesses and communities around the UAE.' Navneet Dave, Managing Director and Co-Head of Processing - Middle East at Network International, stated, 'We are committed to support ruya's growth strategy with our cutting-edge technology and expand the bank's footprint in the country.' The partnership is set to enhance Shariah-compliant banking standards and foster greater innovation and financial inclusion within the UAE's growing digital economy. Source: Emirates News Agency