May 16, 2020

Dubai Department of Finance launches digital wallet designed to pay government fees

Department of Finance
Jamal Hamed Al Marri
Dubai Pay
Digital Wallet
Amber Donovan-Stevens
2 min
 The new digital wallet, ‘noqodi’ will ease the of payment individual and corporate government fees.
Dubai’s Department of Finance (DOF) has launched a new payment channel with Smart Dubai and emaratech. The digital wallet, ‘noqodi’ will allow cit...

Dubai’s Department of Finance (DOF) has launched a new payment channel with Smart Dubai and emaratech. The digital wallet, ‘noqodi’ will allow citizens to pay government service fees under Dubai Pay. Abdulrahman Saleh Al Saleh, DOF director general is keen to improve government customer satisfaction through the use of the secure noqodi e-wallet and its accessible interface.

Jamal Hamed Al Marri, executive director of Central Accounts Sector at DOF, said: "The launch of noqodi comes in the context of the continuous efforts of the Government of Dubai to facilitate payments of government transactions. The new digital wallet is characterised by enabling high-volume transactions, which could reach up to millions of dirhams. This prepares government entities to stop accepting cheques and bank transfers.’

The noqodi option can be accessed through Dubai Pay gateway, and the Dubai Now smart application. Credit can be applied to the account through major banks such as Mashreq Bank, Emirates NBD, Emirates Islamic Bank, Dubai Islamic Bank, Commercial Bank of Dubai and Abu Dhabi Commercial Bank. Exchange Houses such as Al Ansari are also available to add credit, though DOF is working to expand the number of banks and Exchange Houses available to provide this service.

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Hamed Al Marri continued: "We have listed in a number of national banks and financial institutions that allow customers to feed the wallet with credit from their bank accounts, and we will include other financial entities in our list to enable a wider stake of customers to benefit from the digital wallet."

Wesam Lootah, CEO, Smart Dubai Government Establishment, said: "Through the consolidated efforts with its strategic partners, Smart Dubai is keen to improve the quality of government services offered to residents and visitors, in order to deploy innovative technologies to achieve greater efficiency in customer service, which, in turn, will contribute to making Dubai the happiest and smartest city in the world."

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May 13, 2021

Everton FC signs Sokin as its global payment partner

everton
Fintech
Digitalpayments
sokin
2 min
The Everton deal will see the startup fintech step in as the club’s official global payments partner

Everton Football Club have signed up Sokin as their official global payments partner.

Sokin is a new global currency account provider that specialises in creating open and transparent payments platforms.

The innovative fintech which launched in 2019, has agreed to a multi-year partnership that will see Sokin’s cutting-edge platform handle the Liverpool-based football club’s global currency transactions. 

Disruptive startup fintech

Sokin’s founder Vroon Modgill, a first-generation immigrant, discovered how cumbersome money exchanges were and set about creating a frictionless system that can transfer funds cheaply, swifty and easily to global destinations.

The London-based fintech has grown massively since its launch and now has offices in 10 countries. Sokin also provides a streamlined subscriber platform that opens up global access to FX transfers and payments, allowing people and businesses to transact in 38 currencies and 200 countries and territories.

Fintech partnership with Everton FC

The long-term agreement with Everton sees Sokin further boost the Blues’ growing partnership portfolio while the fintech’s collaboration with the football club strategically supports Everton's FX and payments requirements via its global platform.

The partnership will also propel Sokin into a new position as a leading global fintech provider. Modgill said of Everton FC, “This ethos is a fantastic fit for Sokin’s services. As a leading financial service provider, we exist to make global payments simple and offer a trouble-free service that our customers can trust.

“We look forward to seeing the Sokin name appear around Goodison Park – one of football’s most iconic stadiums – and embarking on this journey together. Sokin – the People’s Card, working with the People’s Club.”

Speaking about the partnership, Alan McTavish, commercial director at Everton, explained, “We are delighted to welcome Sokin on board as our newest club partner and look forward to helping them promote their leading global payments offering to millions of our fans and followers around the world.

McTavish added, “Working with such a global brand is an integral part of our commercial growth strategy. Sokin is a truly innovative, forward thinking company that puts its customers and customer experience at the centre of its operation and is a perfect fit within our exciting partnership portfolio.”

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