Ajman Bank, an Islamic bank based in the UAE, has partnered with a local fintech company, Kamel Pay, to build a mobile app to offer digital financial services to businesses and individuals.
“Our goal is to develop a robust electronic payment ecosystem driven by data and insights to increase the safety and security of electronic payments. It complements our strategy and vision to address the needs of our customers with the most innovative products and services,” explained Mohamed Amiri, CEO of Ajman Bank.
Founded in 2019, Kamel Pay intends to expand beyond its home ground into other MENA markets.