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.
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.
Yalla!Hub Forms New Partnership With WEE Marketplace
The collaboration will accelerate e-commerce digitalization and allow for speedy deliveries across the Gulf countries.
After raising $6 million to expand into Saudi Arabia and Qatar, Yalla!Hub is now set to collaborate with WEE to facilitate the sale of products through both YallaMarket and the WEE marketplace. The companies plan to enhance the GCC e-commerce market using a range of innovative solutions for sales and delivery, presenting new opportunities for Emirati-based and foreign suppliers.
“This collaboration with WEE Marketplace signifies a major step forward in our mission to revolutionize e-commerce through digitalization in the UAE and GCC, making market entry and operations smoother both for customers and businesses. With this partnership, we’re able to extend the reach of brands to a wider audience,” explained Leo Dovbenko, CEO of Yalla!Hub.
Meanwhile, new partner WEE is uniquely positioned in the UAE and already well known for fast delivery services. The company’s WEE Marketplace will soon feature goods from Yalla!Hub on their platform, empowering Dubai shoppers with 1-hour delivery windows and a next-day service across the rest of the Emirates.
“WEE Marketplace and Yalla!Hub are absolute leaders of the UAE fast e-commerce market, and this partnership opens new horizons for brands, allowing them to enter at once both platforms. We choose the brands very carefully, aiming to give the best products to our customers,” said Anastasia Kim, CEO and co-founder of WEE marketplace.
The Emirati e-commerce market has now reached a value of nearly $13 billion and is expected to grow to $20 billion by 2027. Express deliveries account for 5.5% of total merchandise turnover, which currently stands at around $700 million. Among the express delivery categories, cosmetics, pharmaceuticals, flowers, and groceries lead the way.