High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
This revolutionary payment system will soon also be rolled out across all the LuLu stores in the UAE, a leading retail conglomerate in the Middle East. Shoppers present the QR code in PayBy, let the cashier scan the code, and confirm payment on their mobile phones. They can also select PayBy for online purchases on their website or mobile app.
Financial transactions on PayBy are well-protected by leading and proven technologies, including an AI-based fraud management system to detect unauthorised activities, compliant with PCI-DSS standards, the international gold standard for security. The QR code generated by PayBy is based on tokenisation - widely acknowledged as a more secure payment method as it allows the payment to be processed without exposing sensitive information.
PayBy is committed to offering unified and inclusive financial services for everyday work and life of consumers, too. Integrated in popular instant messaging platforms, PayBy is already ubiquitous and accessible to their large subscriber base. The PayBy native app is currently available in Google Play and Huawei Store, and soon will be made available in other app stores.
It can be used for payments in stores, to pay for deliveries on arrival, order goods and services online, transfer and receive money instantly, and even share cash gifts with family and friends.
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
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