Mashreq, Al Etihad Payments ink deal to provide 'Aani' Instant Payment Services

Dubai: Mashreq and Al Etihad Payments struck a deal to offer instant payment services on the former's application. The move comes days after Al Etihad Payments, a subsidiary of the Central Bank of the UAE, announced the launch of the instant payments platform Aani.

The feature, Aani Instant Payment Services, will enable, among other tasks, near-instantaneous payment transfers to Mashreq's customers, ensuring that their financial transactions are conducted quickly. It also incorporates options such as send money, request money, split bill, and QR-based payments.

Its other features include 24/7 accessibility, which will ensure customers and merchants can transact anytime. That apart, customers can make payments using a contact's phone number, email address, or even their IBAN.

Jan Pilbauer, CEO of Al Etihad Payments, said in the statement: “We're delighted to introduce Aani, a new payments platform built together with the UAE’s financial industry as a testament to our commitment to innovation and excellence.”