Trriple, a UAE-based fintech firm, has teamed up with Panamax Partners, a US-based financial solutions provider, to secure digital payments running on its recently-launched mobile wallet.
Panamax, the technology arm of Bankai Group, offers solution in business support system, network switching subsystem, mobile financial and payment solutions domains.
Its MobiFin solution is a mobile financial and digital payment platform that enables MNOs, MVNOs, banks and financial institutions to offer targeted and localised services.
Trriple CEO Paolo Gagliardi said: “Trriple’s partnership with Panamax Partners ensures that we have the world-class technology infrastructure to support secure, fast, and convenient digital payments and transactions, and further drive adoption of our recently-launched mWallet.”
This partnership, according to Panamax, will support advanced digital payment use cases with technologies such as near-field communication (NFC), host card emulation (HCE), and QR Codes.
According to Nimmök Consulting, the UAE market has 83% penetration of smartphones. It also has a sizable population of the under-served and un-served in terms of banking and financial services.