Complex Made Simple

Mashreq signs partnership with emaratech to launch e-wallet

Mashreq, UAE’s leading financial institution, announced the launch of the e-wallet, noqodi, an innovative first of its kind payment gateway, engineered by emaratech, a leading technology, online and smart solutions consulting company in the region.

Now, customers will be able to top-up their noqodi e-wallet instantly via MashreqOnline and Mashreq’s mobile banking app, Snapp.

noqodi e-wallet is a safe, convenient and fast way to pay for government services and other merchant services online. The first e-service in the region is in continuation of Mashreq’s strategy to provide innovative banking services to customers.

A signing ceremony was held between Mashreq and emaratech in the presence of H.E. AbdulAziz Al Ghurair, CEO of Mashreq and H.E. Thani Alzaffin, Director General and Board Member of emaratech.

H.E. AbdulAziz Al Ghurair commented, “Mashreq has and always been at the forefront of customer centricity and this partnership with emaratech will not only enhance the existing online banking users experience but also positions Mashreq as the premiere bank for all companies who deal with government services. Several business segments ranging from property to real estate and typing centres will leverage and benefit from the e-service integration with the noqoodi e-wallet.”

noqodi offers payment gateways for many government services (such as eDNRD, Ejari, eMart, Registration Trustee etc). noqodi is facilitated by a robust and comprehensive payment gateway platform to manage revenues for the government services under a single platform

noqodi was recently awarded the PCI Data Security Standard, the highest certificate for information security standards from The PCI Security Standards Council, which ensures cardholder and payment information is transferred safely and securely.

H.E. Thani Abdulla Alzaffin, Director General and Board Member, emaratech said, “noqodi is becoming the preferred online and smart payment solutions for different government and merchant services in the UAE, providing highly secured e-wallet accounts through which Mashreq customers can now pay for a number of listed services in a convenient manner”.

“This alliance with Mashreq brings together two leading indigenous institutions to cater to the rapidly increasing demand for reliable and secure online payment gateways driven by the strong emphasis on eGovernment services in the UAE.”

noqodi e-wallet is a quick payment service. With the highest level of security, customers can also receive comprehensive reports for better management and instant refunds for any system failure, with the account being credited the next day.

Huda Ismail
Public Relations, Mashreq
Tel: 04 –6083629