Western Union and Al Fardan Exchange announced that the UAE Pass will be integrated with wu.com and the Western Union mobile app, significantly improving its digital customer experience in the UAE. Western Union is one of the first financial services companies in the country to use this national digital identity solution.
Customers will be able to take advantage of UAE Pass’s fast authentication and complete registration and identity verification with just a few clicks, eliminating the requirement for in-person authentication.
UAE Pass is a joint initiative between the Telecommunications and Digital Government Regulatory Authority (TDRA), Abu Dhabi Digital Authority and Dubai Digital Authority, aiming to provide a single and trusted digital identity solution for service providers in the United Arab Emirates while maintaining a high level of security assurance. and a seamless user experience. It is also supported by key strategic partners: Ministry of Interior, Federal Identity and Citizenship and all digital authorities in the United Arab Emirates.
“The UAE Pass initiative is one of the main catalysts of the UAE’s digital transformation efforts to build a sustainable digital future. Western Union’s digital services align with the UAE government’s policy to create an economy driven by innovation and technology, ”said Salma Massoud, Head of Digital, Middle East and Global Africa at Western Union.
Western Union launched its mobile app and revamped its website in the United Arab Emirates under license from digital partner Al Fardan Exchange in January 2019, allowing customers to send money to family and loved ones around the clock. and 7 days a week from the comfort of their own homes for payment to Western Union’s global network of bank accounts, wallets and agent locations. They can choose to pay for transactions on the website or in the app, using debit, credit cards or bank transfers.
Meanwhile, earlier this year, Lulu Financial Holdings (LFH) and NPCI International Payments Limited (NIPL) signed an agreement to perform real-time remittances to India. LFH, through its subsidiaries, will be able to connect to the UPI infrastructure and facilitate remittances to recipients in India who have signed up for applications powered by UPI.
NIPL is a subsidiary of the National Payments Corporation of India (NPCI).
Read: Lulu Financial Holdings allows instant money transfers to India
The solution will facilitate the validation of the beneficiary’s name in real time and facilitate the required compliance checks in a secure manner.