Emcredit, a subsidiary of the Department of Economic Development (DED) in Dubai, and ebooc, has signed a memorandum of understanding (MoU) to launch a next-generation digital payment Point of Sale (PoS) platform for Dubai.

Through the collaboration, consumers in the UAE will be able to make retail payments in-store, pay for government utilities, telecommunication, and school fees, among many other options, from a single PoS machine. The underlining objective is to provide a secure and seamless payment experience to clients and customers which runs on NexGen technology as a decentralised, distributed ledger which creates trust, thereby improving efficiency levels.