Jingle Pay, an India-based neobanking startup, introduced on Thursday it’s launching its fintech companies into the United Arab Emirates (UAE). Launched in 2019, Jingle Pay provides social fee options for people and companies on cell in addition to desktop platforms.
“Jingle Pay has digitized the onboarding process and customer due diligence to cover 7600+ government IDs in 160 countries. Acceptable identification includes Passports, Residency Permits, Emirates ID and UAE Driver Licenses. A process that can take months with conventional banks now takes mere minutes. Jingle Pay’s accelerated onboarding involves a live selfie, document verification, and thorough digitized AML checks with local and global authorities. Jingle Pay is free, easy, and without commitments.”
Whereas sharing particulars in regards to the UAE launch, Jingle Pay Founder, Amir Fardghassemi, acknowledged:
“We’re seeing tremendous demand for a new way of offering banking services in the Middle East. Bricks and mortar banks don’t have the immediacy of response that a new generation of always-connected consumers want. And though we’re seeing conventional banks move to digital, there are gaps in user-friendliness and joyful engagement that we want to address.”
Fardghassemi additional famous that Jingle Pay will likely be providing a multi-currency account and card, remittance, nano financing, instantaneous, and free cash switch companies along with different value-added companies. He then claimed:
“We are more than an alternative banking solution – we are the region’s first Super App Neo Bank.”
Jingle Pay is at present within the technique of getting licensed within the UAE, Indonesia, Philippines and different Gulf Cooperation Council (GCC) markets.