du announces the launch of “du Pay”, offering transformative fintech solutions for UAE residents

• du Pay is set to boost the transition towards a cashless economy and support the national digitalization agenda, delivering exceptional convenience, inclusiveness, and security for all users.
• Licensed by the Central Bank of the UAE, du Pay simplifies financial transactions with an app in six languages. It offers international money transfers, peer-to-peer (P2P) Transfers, bill payments, and includes a unique IBAN for each customer. The app is set to introduce a card feature soon, increasing its payment versatility.
• Market projections suggest the digital payment sector will reach $3.3 trillion in payment services by 2031[1], positioning du Pay to capture significant market share in the growing digital economy.