e-Mal joins forces with industry payment solution leaders.
e-Mal, launched by eFatoora, based in Dubai, UAE, is delighted to announce strategic collaboration and an invaluable partnership with WeTek Technologies (Dubai, UAE), leaders of WPS and payment solutions.
e-Mal has aligned next-generation technology and green initiatives to build a smart and eco-friendly city run on the blockchain with end-to-end solutions. e-Mal’s target market is vast and varied in scope – meaning everyone can be a customer.
e-Mal’s product range supports Smart Loans, Smart Savings, International and Local Remittances, Peer-to-Peer transactions and a utility hub all in one place and at cost-efficient rates. e-Mal’s vision and mission are to create a full-fledged ecosystem which forms a whole new infrastructure allowing traditional financial transactions to take place in a more efficient, cost-effective, secure manner using the speed and technology of the blockchain.
We are privileged to have WeTek on board with us and look forward to a successful journey – especially starting our partnership at this prosperous time of year.
Dubai has now set its sights on being the first city built on blockchain by the year 2020. e-Mal supports the vision of His Highness Sheikh Mohammed and the adoption of the blockchain, as it would help the government prepare for future challenges and contribute to saving AED11 billion spent annually on document transactions and documents and 77 million hours of work, and reducing government documents by 389 million and saving 1.6 billion kilometres spent driving. The UAE plan includes four pillars focusing on citizen and resident happiness, government efficiency, advanced legislation and global entrepreneurship.
WeTek Technologies UAE is renowned as innovators and leaders in the WPS world and set the example by deploying state-of-the-art systems, processing platforms, call centres and ATM/POS/mobile service. WeTek products and services are innovative and flexible and proactively service the changing payment market. The WeTek team are pioneers in WPS processing and hold expertise in processing electronic payroll disbursement and were using the “ATM disbursement channel” even before WPS was introduced. WeTek Technologies is a Versatile Payment Provider, specialized in the entire gamut of Financial Transaction Processing and WPS. The collaboration between e-Mal and WeTek will create waves in the market as well as an immediate market share.
“Our ambition is to constantly challenge the financial industry to our customers’ benefit, by offering products and services that are simple, effective, service-oriented and cost-effective. Our tie-up with e-Mal will assist in providing our services to a much higher level and wider range of consumers. When WeTek was founded, the vision was to democratize the Low Wage Card holders with benefits like a bank account with no stress and efficient services. Now, we aim to continue within other areas where customers and exchange houses can save time effort and become eco-friendly,” said Jaffrullah Kuthbudeen, CEO of WeTek Technologies.
As e-Mal propels to launch the e-Mal Digital Wallet, the promise to market is kept by continuing to build the platform in an agile manner promoting regulation and legislation locally. The collaboration with WeTek further strengthens e-Mal’s position in the market by complimenting Peer-to-Peer Transfers, Salary Card (WPS Compliant) andSmart Transfers, including cross-border remittances within the financial hub and WPS solutions to all e-Mal customers via secure KYC process verified by Emirates ID. e-Mal has collaborated partnerships from the top down, which now means the users of e-Mal have the best offerings in the market and at the most competitive rates.
“To be successful in the fintech sphere, we must be agile and open to transformation. It’s not about creating a product and just placing it in the market, but it’s about creating a secure trusted platform which serves a purpose and is a solution to a bigger issue. Our blockchain ecosystem, backed by a regulated non-volatile token structure, creates hubs where leaders in their specific industries like banks, exchanges, retailers, employers and charities can all link in, integrate and partner to join the e-Mal network and mutually benefit from our offering. We aim to merge networks with WeTek, which will enhance the way we transact as a business and create a market space where we can prosper and add value back to society. We are privileged to have WeTek on board with us and look forward to a successful journey – especially starting our partnership at this prosperous time of year. We collectively wish everyone a blessed and peaceful Ramadan in advance,” said Yasmine Khan, CEO/founder of e-Mal and eFatoora.