First Abu Dhabi Bank has launched a sound-based payment system that will integrate with users’ digital wallets. The service will be launched at the Gitex Shopper event, where consumers can use it for the first time. According to an announcement on its website, the new payments platform is designed “to provide customers with more convenient and secure ways of paying using their mobile devices.” Merchants do not have to invest in new hardware for the system as it works through electronic cash registers, point of sales machines and even the mobile phones of the merchants, allowing for real-time settlement of transactions.
First Abu Dhabi Bank has launched a sound-based payment system that will integrate with users’ digital wallets. The service will be launched at the Gitex Shopper event, where consumers can use it for the first time. Users make secure payments using their mobile phones through soundwaves which activate a smartphone’s payment system. Merchants do not have to invest in new hardware for the system as it works through electronic cash registers, point of sales machines and even the mobile phones of the merchants, allowing for real-time settlement of transactions.