Comera Pay LLC

Comera Pay LLC, the all-inclusive suite of digital payment services in the UAE, announced a strategic partnership with MoneyGram International, a leading global financial technology company that connects the world's communities. Comera Pay LLC from Comera Financial Holding is part of the Royal Group of companies in Abu Dhabi. Read more: https://lnkd.in/dDkA7NdF #Fintench #Remittance #UAE #ComeraPay #MoneyGram #DigitalRemittances

Get ready for the future of Payments - Digital Wallet, International Money Transfer, QR Code Payments, Bill Payments, Mobile Top-Ups and so many more exciting features are on the way. STAY TUNED!!! Comera Pay LLC Comera

Comera Pay, the fintech subsidiary of Comera Financial Holding backed by The Royal Group, today announced it has received the final approval from Central Bank of the UAE to operate as an authorized fintech company, offering services under the Retail Payment Services and Card Schemes, category II (RPSCS) and Stored Value Facilities (SVF) licenses. Following the approval, Comera Pay is set to officially launch its services within the next month. This approval allows Comera Pay to provide a variety of digital financial services to both consumers and businesses in the UAE. For consumers, Comera Pay will offer a range of digital payment solutions including a digital wallet, remittance services, prepaid cards, virtual IBANs, bill payments, mobile top-ups, peer-to-peer payments, QR code payments. Comera Pay also plans to integrate with Instant Payment Platform (IPP), become a direct participant of Aani, and issue cards under the Jaywan scheme. For businesses, Comera Pay will provide payment processing solutions, loyalty programs, QR code payment acceptance, multi-currency wallets, virtual IBANs, B2B remittance services, debit and prepaid cards solutions for corporate expense management, merchant acquiring, aggregation and settlement services. “There is huge potential for growth in digital payments and financial services in the UAE, and Comera Pay is well positioned to enable more convenient, flexible and rewarding experiences for both consumers and businesses,” said Harish Parameswaran, Vice President of Comera Financial Holding. “We will continue investing in cutting-edge technologies and forging strategic partnerships to expand our range of services and reach more customers across the country.” Comera Pay is building a state-of-the-art payment infrastructure, with advanced features like instant payment notifications, real-time balance updates, and robust security protocols to safeguard customer data and transactions. Comera Pay aims to provide convenient, affordable and secure financial solutions to UAE citizens and residents through the latest technologies. Officially to be launched soon, the digital financial services of Comera Pay will also be available to the users on the Comera messaging platform.   About Comera Financial Holding : Comera Financial Holding is a group of companies that provide innovative technology solutions in the areas of communication, supply chain finance, payments, e-commerce and entertainment. Headquartered in Abu Dhabi, UAE, Comera Financial Holding offers digital platforms, messaging services, and other technological solutions to enable unconventional customer experience through AI solutions, high-end data encryption and extensive data protection. Comera Financial Holding is backed by Royal Group with ambitious expansion plans through regional and international acquisitions and ventures.   #comera #comerafinancialholding #comerapay #fintech #digitalsolutions #technology #CashlessSociety