UAE ZelaaPayAE to introduce crypto payment credential with VisaNet

UAE ZelaaPayAE to introduce crypto payment credential with VisaNet

UAE based ZelaaPayAE, with headquarters in Sharjah Tech Park and offices in Dubai, which works to integrate fiat and crypto payments utilizing Polygon Blockchain infrastructure, has now joined Visa’s Fintech Fast Track program for a period of five years, to speed up the process of integrating with visa while introducing crypto backed payment credential in the UAE and wider CEMEA region.

As per ZelaaPayAE twitter post, “In this 5-year long partnership with Visa, we are focused on growing across United Arab Emirates and KSA region. ZelaaPayAE shall continue to identify and develop payment products such as collateralized spending and more throughout the span of this collaboration.”

They add, “This accolade now enables us as a fintech provider to enable crypto-transactions using physical debit cards easier and accessible with over 70 million merchants that comprise Visa’s vast ecosystem. It will also allow us to innovate further and surf beyond just debit cards.”

“I have dreamt of making ZelaaPayAE a pioneering fintech startup in the UAE and one of the first movers towards providing alternative financial solutions to the end consumer in this region. By joining Visa’s Fast Track program, this will now be possible and our demographic reach will be limitless as we strive to push for adoption and further utility of payments through cryptocurrencies,” said Sahil Arora, CEO & Founder of ZelaaPayAE.

Alex McCrea, VP, Head of Strategic Partnerships and Ventures for Central and Eastern Europe, Middle East and Africa, Visa, said: ““We’re delighted to welcome ZelaaPayAE to Visa’s Fintech Fast Track program and excited to work with them on the enablement of secure and seamless crypto payments in the UAE. We have no doubt the team at ZelaaPayAE will leverage access to the experts, technology and resources that the program allows to scale with efficiency and expand access to crypto payments.”

Recently ZelaaPay announced that that Cagau store in Dubai are now accepting cryptocurrencies at their store using Bitcoin, USDT, BNB, TRX through ZelaaPay’s XPOS powered by PundixLabs.  

ZelaaPay partnered with Lead Ventures in the UAE.

UAE Midchains has also partnered recently with Visa Fast track to offer the same services as ZelaayPay’s partnership with Visa. 

Binance enables Dubai Hotel with crypto payment gateway

Binance enables Dubai Hotel with crypto payment gateway

In a recent article Binance announced that it had enabled a Dubai Hotel to offer crypto payment facilities. The hotel in question is the Manor by JA resorts located in Al Furjan. As per the article the The Manor hotel is settling payments in BNB (Binance coin), Bitcoin and Ethereum through Binance crypto to crypto payment gateway.

As per Mohammed Hanif Al Qassim, Managing Partner of The Manor Hotel, “Virtual assets go in line with The Manor’s vision for sustainability and digital transformation, considering its position among top eco-friendly boutique hotels in Dubai.”

Richard Teng, Regional Head of MENA at the crypto-platform, “Binance has been actively engaging established local businesses and institutions to further increase the adoption of crypto for our users and the crypto community as a whole. Our partnerships with leading, innovative businesses, such as JA are in line with our vision to enhance crypto adoption across the region.”

Prior to this Property developers and Hotel managers such as DAMAC also announced they would be accepting crypto payments. UAE DAMAC Properties is accepting crypto payments either Bitcoin or Ethereum.

Even UAE Property firm Your place partnered with Utrust, a cryptocurrency payment solution designed to modernize the finance and payments industry offers clients the ability to pay for properties in Dubai UAE using cryptocurrencies.

WadZPay Blockchain payments provider to list on UAE Crypto Exchange soon

WadZPay Blockchain payments provider to list on UAE Crypto Exchange soon

WadzPay will list its token on a Middle East crypto asset Exchange soon, according to its Group CEO. In a tweet WadzPay CEO Anish Jain states “We will also expand presence to regional exchanges in UAE, India, Africa and South America.”

The WadzPay ecosystem provides infrastructure for emerging CBDC and Stable coin technologies allowing governments and institutions to sandbox or commercialize programs both at a domestic or international level.

WadzPay is building an interoperable and agnostic blockchain-based payments ecosystem. The company was founded in 2018 in Singapore and is currently operating in South East Asia, South Asia, Middle East and Africa. As per their website the company saw the potential for CBDC and Digital Assets leading the next revolution in the payments industry: by enabling faster payments, improvements in security, cost efficiency with optionality.

They claim to be working with large international payment companies, banks and other large global companies to enable digital asset-based transaction processing and settlement. WadzPay is currently present in Dubai UAE.

WadzPay recently took part in Commercial Bank of Dubai’s Innovation Challenge at DIFC FinTech Hive. Where they presented their digital wallet solution and were shortlisted in the Top 10 Companies, from a field of 100. In the final round WadzPay together with Commercial Bank of Dubai’s team will Pitch their solution to  their Executive Council.