First Abu Dhabi Bank has partnered with Abu Dhabi University to provide card payment acceptance solutions for its students.
The partnership will enable Abu Dhabi University to provide best-in-class card payment acceptance services to its students.
FAB is bringing a shift in educational payments traditionally reliant on cheques and bank transfers in the UAE, by extending payment processing through point of sale, ecommerce and, in time, digital invoicing. Abu Dhabi University currently has over 7,500 students enrolled across its campuses and corporate programmes for which FAB will be able to provide payment services for collection of tuition payments.
Ramana Kumar, EVP and Head of Payments and Digital Banking, PBG, FAB, said:
“We are delighted to provide consumer cards payment acceptance services to Abu Dhabi University. This partnership demonstrates FAB’s commitment to offer digital payment solutions to all sectors, and will benefit the students of Abu Dhabi by allowing them to make payments online for their tuition and other fees. With our “Payment as a Platform” offering, we will be adding even more services whereby a full range of payment needs are consolidated in a single digital-first package.”
“FAB is a leading force for expanding the payments sector and we continuously explore opportunities to build on that success and drive further innovation. We recently announced plans to carve out FAB’s existing payments business into a fully owned subsidiary with regional growth ambitions, accelerating our digital transformation and enhancing our competitive position in the payments space.”
Ian Mathews, Vice Chancellor for Financial and Administrative Affairs at Abu Dhabi University, said;
“Abu Dhabi University is proud to be associated with FAB and is pleased to be partnering with them to offer a complete cash management solution in addition to other services that help our students in these challenging times. We look forward to a fruitful relationship with FAB and to bring further innovative and beneficial financial offerings to our community in the future”.
