Ajman’s DoF, FAB and Magnati to offer digital payments through AjmanPay app

Ajman’s Department of Finance (DoF) has tied up with First Abu Dhabi Bank (FAB) and Magnati, a payment solutions provider, to support the launch of new payment channels and services through the AjmanPay application.

This agreement highlights the DoF’s commitment to implement the Ajman government’s strategy of building strategic partnerships between the public and private sectors.

 The deal falls within the DoF’s ongoing efforts to develop innovative financial services that offer customers the ability to save their financial data and manage their financial transactions in a unified and tailor-made platform linked to their bank accounts.

Marwan Ahmed Al Ali, DG of the Ajman DOF, said: “We are pleased to complete this partnership with FAB and Magnati, and we strongly believe that this step will contribute to consolidating the leadership of Ajman as a global centre for financial services in the digital era.”

Ramana Kumar, CEO of Magnati, said: “As a leader in the UAE’s payment landscape, we are committed to connecting our partners to the latest technologies and solutions in the payment sector. Our partnership with Ajman’s Department of Finance on Ajman Pay will accelerate the emirate’s shift toward a cashless economy and ensure that government entities benefit from the convenience and security that digital payments offer.”