Visa and Abu Dhabi Commercial Bank (ADCB) have collaborated to accelerate Visa’s ‘payWave’ technology for credit cardholders in the UAE.
Visa payWave provides cardholders an easy option to pay for their purchases at merchant locations. For merchants, Visa payWave enables greater speed and convenience at checkout, reports CPI Financial.
The new ADCB payWave enabled credit cards enable Visa cardholders to perform a contactless transaction by waving their Visa cards over a secure reader.
Marcello Baricordi, Visa’s general manager for the UAE and global accounts lead MENA, was quoted by the publication as saying: "We are proud to partner with ADCB in the UAE to encourage contactless payments that are designed to replace cash in busy retail environments where speed, convenience and payment security are of paramount importance.
"Visa payWave is becoming the norm at many merchant locations worldwide especially at fast food restaurants, convenience stores and public transport. Cardholders will simply need to hold their cards close to secure contactless reader for the payment to be processed and the transaction will be completed in a matter of seconds."