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Noor Bank to support foreign mobile wallets in UAE

Noor Bank, a Shari’a-compliant bank in the UAE, has collaborated with UB QFPay, the joint venture between Dubai-based United Brands and China-based QFPay, to bring a new mobile payment product to the UAE, according to a press release.

The product, which the companies call a first of its kind in the region, will enable tourists, as well as overseas visitors, to make payments at retail outlets in the UAE using multiple international mobile wallets from various markets. Noor Bank will handle all transaction settlements for the product as part of its collaboration, according to the release.

As part of the initiative, UB QFPay will enable retail outlets within the UAE to accept secure payments from tourists who wish to pay for their purchases from their preferred mobile wallets. UBPAY is currently live at a number of retailers in the UAE that are frequented by Chinese tourists.

The companies did not say in the release which international mobile wallets UB QFPay would support, though Chinese tourists are well known for using Alipay and WeChat when they travel if acceptance is available in other countries.