Ready to Get Paid Faster?
For SMEs, managing payments can sometimes feel like a puzzle. Getting paid quickly and securely is essential, and staying on top of the latest payment technology can make a real difference. That's why a recent announcement from Ajman Bank, involving their partnership with fintech company VaultsPay, might be of interest.
Ajman Bank has rolled out a new payment processing solution designed specifically for its business clients. This isn't just another service; it marks Ajman Bank's first venture into offering Point of Sale machines and instant settlement for transactions. Essentially, this means businesses banking with Ajman Bank can now offer customers more ways to pay, and get their money faster.
The collaboration with VaultsPay, a Dubai-based fintech firm, aims to give businesses access to a robust and secure payment system. If you're an Ajman Bank business client, this new program means you can accept credit, debit, and prepaid card payments. The system also includes features like real-time transaction processing, tools to help prevent fraud, and detailed reporting, which can be quite helpful for keeping track of your sales.
Mustafa Al Khalfawi, CEO of Ajman Bank, touched on the bigger picture of this partnership. He mentioned that it's about helping businesses in the UAE operate with more flexibility and confidence. The idea is to empower entrepreneurs, retailers, and SMEs to participate more fully in the digital economy.
Ahmed Makhlouf, CEO of VaultsPay, echoed this sentiment, highlighting how the program is about creating a smarter and more inclusive payment infrastructure. Both institutions seem to be looking at how traditional banking and modern fintech can work together to make financial services more accessible for businesses.
This new offering is already available to eligible Ajman Bank business clients. It's an example of how banks are increasingly partnering with tech companies to bring more digital solutions to the market, especially for the SME sector. For many businesses, having reliable and efficient payment options is a cornerstone of daily operations, and this move aims to support that need.
