Kaizar Patla of ADCB and Marcello Baricordi from Visa unveil the new ADCB payWave-enabled credit card
Payment solutions provider Visa Inc. has partnered with Abu Dhabi Commercial Bank (ADCB) for the payWave contactless payments technology for its credit card holders in the country. PayWave will enable ADCB credit card holders to simply wave their Visa cards over a secure reader to conduct their purchase transactions at merchant locations.
Marcello Baricordi, Visa’s general manager for the UAE and global accounts lead for MENA, said in a statement: “Visa payWave is becoming the norm at many merchant locations worldwide, especially at fast food restaurants, convenience stores and public transport [locations]. Cardholders will simply need to hold their cards close to secure contactless reader for the payment to be processed and the transaction will be completed in a matter of seconds.”