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Dukhan Bank To Launch Wristband-Based Payment Option
Qatar’s leading retail bank, Dukhan Bank, has recently published a press release, announcing the launch of its new payment platform and companion wristbands that make use of NFC technology to facilitate contactless payment.
Called Dukhan Pay (D-Pay), the new platform is intended to meet customer’s growing demand for digital banking products and services. It can also help curb the spread of the novel coronavirus by providing a safer alternative to traditional payment options.
“The Dukhan Bank wristbands are entering the market at a time when there is an increased demand in safe, contactless payment. In addition to being safe, the wearables facilitate fast and easy transactions using blended technology that is both secure and fashionable,” commended Dukhan Bank.
The wristbands are available in three colors (gray, pink, and blue), and they are compatible with any point-of-sale terminal with support for contactless payments, allowing customers to spend up to 1,500 QAR per day without touching the terminal.
“The initiative falls under D-Pay, a key cornerstone in Dukhan Bank’s digital transformation that seeks to absorb the latest technologies and online banking solutions to make banking simple, safe, and convenient for our customers,” the bank added.
Not long ago, Dukhan Bank launched contactless credit and debit cards. Other banks in the region are being similarly digital-forward. For example, the Qatar National Bank partnered with fitness tracker makers Fitbit and Garmin to enable contactless transactions via their smartwatches.
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Even before the outbreak of the COVID-19 pandemic, major retail chains had been adopting various scan and pay solutions to make shopping faster, safer, and more convenient. Airports are now widely adopting self-check kiosks to increase their capacity and reduce the number of transmission vectors for infectious diseases.
Indeed, the future seems to be contactless, and the technology to enable it is already here. The only question that remains to be answered is how well it will be received by customers.
News
“AI Seal” Certification Now Required For Dubai Gov Partnerships
The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.
Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.
Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.
The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.
Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.
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The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.
All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.
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