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UAE’s Etisalat to launch ‘mobile wallet’ service by mid-2013

Published: Updated:

The UAE telecoms firm Etisalat is set to launch a “mobile wallet” service that would enable customers to order a variety of items without leaving home or the office, according to a local newspaper.

The service is said to enable customers to order items from restaurants and supermarkets without having to go there in person.

Expected to become available during the first half of 2013, the wallet service will enable customers to make “domestic and international money transfers, bank account management and purchase of tickets for transport,” reported Gulf News.

“We are waiting for approval from the UAE Central Bank to launch mobile wallet and hope to start this in the UAE in April,” Saleh Abdullah Al Abdouli, chief executive of Etisalat in the UAE, told the Dubai-based newspaper.

The new wallet service is being showcased at Barcelona’s Mobile World Congress 2013. The service “is developed in conjunction with MasterCard and Oberthur Technologies,” said Gulf News.

“We will be launching it in two phases. First in the UAE and then in other countries. We are in talks with certain top retailers in the UAE to launch this service,” added the chief executive.