UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services.
In a statement, the bank said the collaboration is set to substantially enhance the digital and electronic payment solutions offered to its corporate and individual business clients.
The agreement, signaling a new era in digital financial services, was formalized at the SIB headquarters. The signing ceremony was conducted by Hakam Abu Zarour, Chief Operating Officer of SIB, and Zahi Kallab, General Manager of Noqodi, in the presence of high-ranking representatives from both organizations.
This partnership marks a pivotal move for SIB, enabling the bank to offer business clients an expanded array of digital payment options, per the announcement.
These solutions are designed to streamline the process of paying fees across various services and products, thereby facilitating smoother commercial operations.
Hakam Abu Zarour commented on the partnership’s significance:
Our collaboration with Noqodi underscores our commitment to continuously support our customers by providing them access to innovative digital solutions. This initiative is aimed at simplifying their day-to-day business transactions.
Moreover, the move reflects the bank’s dedication to offering a wide range of fast, convenient, and efficient payment options, in partnership with highly skilled and proficient companies and platforms in this domain, he added.
Noqodi, renowned for its expertise in the fintech space, views this partnership as a crucial step in its mission to revolutionize digital payment experiences.
“Our alliance with Sharjah Islamic Bank is a testament to our commitment to enhancing financial services for businesses through strategic collaborations with leading banks,” said Zahi Kallab.
The collaboration between SIB and Noqodi is expected to bring significant benefits to the bank’s clientele, providing them with enhanced efficiency and ease in managing and tracking their financial transactions.
This strategic move is poised to set a new standard in digital banking and payment solutions, further advancing the UAE’s position as a hub for financial innovation and technology.