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5G In UAE: Etisalat & Ericsson Join Forces To Deploy 5G High-Band
Once deployed, the network should be able to provide fiber-like speeds over the air, delivering data speeds of 4.2 Gbps and latency of 8 milliseconds.
Soon, all owners of 5G-enabled devices will be able to enjoy increased speeds and lower latency because Etisalat, UAE-based multinational telecom services operator, has joined forces with Ericsson, Swedish multinational networking and telecommunications company, to deploy 5G in UAE through millimeter wave (mmWave) small cell networks.
Once deployed, the network should be able to provide fiber-like speeds over the air, delivering data speeds of 4.2 Gbps and latency of 8 milliseconds (ms). Because 5G networks can support a greater number of connected devices than 4G networks, UAE residents can look forward to problem-free internet access even in crowded places, such as malls and stadiums.
“Etisalat has always been at the forefront of the telecom industry, and we continuously work to provide our customers with the best possible digital experience,” said Haitham AbdulRazzak, Chief Technology Officer at Etisalat.
“We look forward to supporting Etisalat in harnessing the opportunities that new technologies like 5G can present for the people of the UAE,” added Ekow Nelson, Vice President and Head of Global Customer Unit Etisalat at Ericsson MENA, in the official press release.
5G technology is positioned to become a key enabler of the UAE Vision 2021, which was launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, to transition the country to a knowledge-based economy, promoting innovation and research and development.
Also Read: How To Check Postpaid Balance In Etisalat
All businesses that depend on reliable, secure, and fast internet connectivity will be able to reap its benefits to support remote workers, implement innovative Internet of Things solutions, and deliver immersive experiences to their customers.
5G connectivity additionally paves the way for smart cities, which can be imagined as pulsing digital ecosystems where countless sensors collect data to manage resources and infrastructure more efficiently. 5G will hopefully take the United Arab Emirates to another level of connectivity and innovation.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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