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WeRide Granted First Self-Driving Vehicle License In UAE

The Chinese autonomous driving company may soon deploy robotaxis and robobusses across the Emirates and beyond.

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weride granted first self-driving vehicle license in uae
WeRide

Chinese autonomous driving startup WeRide was the first company in the world to hold driverless permits for testing in both China and the USA. Now, the autonomous technologies experts have secured a license to deploy self-driving vehicles in the UAE, having already completed public testing on some routes within the Emirate.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the news on Twitter: “We approved the first national license for self-driving vehicles on the country’s roads, which was granted to a specialized WeRide company”.

Dubai aims to make 25% of its transportation completely autonomous by 2030, so the permit comes at an ideal time. Last month, as part of the Eid al-Adha holiday services, the Integrated Transport Centre (ITC) of Abu Dhabi announced that visitors to Saadiyat and Yas Islands could experience free autonomous driving car rides, including a vehicle called “TXAI”, which was launched by WeRide in partnership with a local company Bayanat.

Also Read: UAE’s du Teams With Huawei For Net-Zero Telecom Services

WeRide has developed its state-of-the-art technologies through WeRide One, which the company describes as a “one-for-all and all-for-one platform for urban autonomous driving applications. Designed with high flexibility on both the software and hardware levels”. The platform uses self-evolving deep learning systems to prioritize safety, plus AI algorithms and a fusion of camera, LiDAR, and radar to replace human operators.

In a recent press release WeRide said, “In the future, WeRide will continue to deepen its presence in the Middle East region and bring high-quality autonomous driving technology, products, and services to more customers and consumers”.

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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.

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neopay wants to follow merchants across channels and borders

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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