FAB rolls out digital wallet

Saudi finance ministry warns against cryptocurrencies

First Abu Dhabi Bank (FAB), which offers Shariah compliant solutions, has launched ‘payit’, a fully-featured digital wallet. The service is available to anyone with a valid Emirates ID, regardless of who they bank with. The e-wallet facilitates instant remittance, payments through merchant partner apps, websites and QR codes and tracks spending, among others.

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