FAB launches digital wallet

Dubai: First Abu Dhabi Bank (FAB) announced on Monday the launch of ‘payit’, the UAE’s first fully-featured digital wallet.

The service, an app available on app stores, is available to anyone with a valid Emirates ID, regardless of who they bank with, the bank said. The launch is in support of the UAE’s goal to become a cashless economy.

The app can be used to send and receive money, and make payments. Accounts can be topped up via UAE-issued debit cards and prepaid cards, FAB cash deposit machines, and transfers.