News
Tourists Can Now Use Their Home E-Wallets In The UAE
A new partnership between Ant Group, Astra Tech and G42 enables seamless transactions for visitors without the hassle of currency conversions.
Dubai-based technology investment company Astra Tech, backed by Abu Dhabi AI company G42, has partnered with Alibaba’s payment platform Ant Group to enable tourists in the United Arab Emirates to pay for goods and services using their home e-wallets.
The new service will help to avoid the hassle of currency conversion, integrating the Alipay cross-border payment platform with Astra Tech’s PayBy merchant network.
When the system goes live later this month, over 1.4 billion wallet users will be able to make seamless transactions in their home currencies in 3,000 retail establishments and make speedy payments for trips in Abu Dhabi’s fleet of 7,000 taxis.
“Our milestone collaboration with Alipay aligns perfectly with the UAE’s commitment to enhancing the payment ecosystem and fostering a commerce-friendly environment,” explained Abdallah Abu Sheikh, co-founder of Astra Tech and chief executive of Botim.
The new service will primarily cater to tourists from China, South Korea, the Philippines, Thailand, Malaysia, Singapore and Italy. However, anyone who signs up for an Alipay, MPay, Kakao Pay, GCash, TrueMoney, and Tinaba e-wallet can enjoy the service.
The Astra Tech and Ant Group partnership will facilitate speedy settlement processes and smooth mobile-based transactions through Alipay in physical and online settings. Meanwhile, both Alipay and PayBy plan to expand the service to further boost spending from Asian and European visitors.
Also Read: A Guide To Digital Payment Methods In The Middle East
“Our alliance with Astra Tech not only opens the doors to a seamless and integrated digital payment experience at physical stores in the Middle East, but also propels us towards a new era of strategic collaboration,” said Guoming Cheng, Ant Group’s general manager of Europe and the Middle East.
The UAE is the Middle East’s second-largest economy and has begun investing heavily to expand its tourism sector. In May, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced that tourism sector spending had risen 70% to Dh121 billion ($33 billion) in 2022 — the highest in the region.
News
HiFuture Wraps Up Successful GITEX GLOBAL 2024 Appearance
The electronics company wowed audiences at the world’s largest tech event with a range of wearable and smart audio devices.
This year’s GITEX GLOBAL 2024 in Dubai saw a huge number of startups, electronics firms, and innovators from around the globe gather for the tech sector’s largest event of its kind. One company making waves at this year’s expo was Chinese tech group HiFuture, which showcased a range of products with a focus on wearable technology and smart audio.
At the HiFuture booth, the company captivated attendees with cutting-edge smartwatches like the ACTIVE and AURORA, along with a range of powerful wireless speakers, earbuds, and even smart rings. Visitors were eager to check out the sleek new designs on offer and even had the chance to test out some of the products themselves.
Among the highlights were smartwatches combining dual-core processors with customizable options. The devices blended style and technology, offering health monitoring capabilities, personalized watch faces, and advanced AI-driven functionalities, giving attendees a taste of the future of wearable technology.
On the audio front, HiFuture’s wireless speakers left a lasting impression, offering rich, immersive sound in compact, portable designs. These speakers cater to both intimate gatherings and larger celebrations, offering versatility for users. Meanwhile, the company also showed off its Syntra AI technology, which it claims “revolutionizes health and fitness tracking by combining advanced optical sensors with intelligent algorithms for precise, real-time insights”.
Also Read: How (And Why) To Start A Tech Business In Dubai
The presence of HiFuture’s leadership team at GITEX 2024 underscored the importance of this event for the company, with CEO Levin Liu leading a team of executives, all keen to engage with attendees and offer insights into HiFuture’s vision, product development process, and future direction.
Overall, it seems that GITEX GLOBAL 2024 has been a rewarding experience for HiFuture. The enthusiasm and curiosity of attendees shown to the company’s diverse range of products was obvious, with the HiFuture team leaving on a high note and clearly excited and motivated by the event.
HiFuture Wraps Up Successful GITEX GLOBAL 2024 Appearance
GITEX Showcases 5G And AI As Pillars Of Future Connectivity
GITEX GLOBAL 2024 Hosts MENA’s Largest Data Center Forum
Flowwow Reveals AI-Powered Rebrand, Blending Tech With Emotion
Dubai Police Launch New Smart Home Security System
Meta Reveals Orion AR Glasses, Offering A Glimpse Into The Future
WeRide & Uber Join Forces To Launch Autonomous Rides In UAE
Bybit Launches Islamic Account, Enabling Shariah-Compliant Trading
YouTube Premium Is Getting A Price Hike Around The Globe
