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Network International has entered into a strategic partnership with Ruya Bank, the UAE’s leading digital-first Islamic community bank, aiming to revolutionize Islamic banking through advanced digital payment technology.
This collaboration will allow Ruya to provide customers with a seamless and secure digital banking experience by effectively integrating innovative technology with Islamic banking principles.
By utilizing Network International’s state-of-the-art payment solutions, Ruya plans to introduce a variety of features, including instant transaction processing, personalized user interactions, and an extensive range of digital services.
The partnership emphasizes a digital-first strategy, which will significantly improve transaction speed, convenience, and overall customer satisfaction. Furthermore, Network International will offer additional services such as tokenization, card control, and fraud protection while ensuring that Ruya’s offerings adhere to Shariah-compliant practices and ethical banking standards.
Christoph Koster, CEO of Ruya, expressed his optimism about the collaboration, stating, “We are confident that this partnership with Network International will enhance our ability to deliver secure, digital-first banking products and outstanding customer service to support individuals, businesses, and communities across the UAE.”
Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, added, “We are dedicated to supporting Ruya’s growth strategy with our cutting-edge technology and expanding the bank’s reach within the country.”
This partnership is poised to elevate Shariah-compliant banking standards while promoting greater innovation and financial inclusion in the UAE’s expanding digital economy.
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