If you’ve ever felt the stress of forgetting a bank account number or struggled with remembering a long IBAN when making a money transfer, the UAE has introduced a solution that might seem almost magical. The Central Bank of the UAE, through its subsidiary Al Etihad Payments, has launched ‘Aani’, a cutting-edge instant payments platform that is set to redefine how we think about digital money transfers. Now transfer money in 10 seconds using just a mobile number.
UAE’s Revolutionary Payment System: Transfer Money in 10 Seconds Using Just a Mobile Number
If you’ve ever felt the stress of forgetting a bank account number or struggled with remembering a long IBAN when making a money transfer, the UAE has introduced a solution that might seem almost magical. The Central Bank of the UAE, through its subsidiary Al Etihad Payments, has launched ‘Aani’, a cutting-edge instant payments platform that is set to redefine how we think about digital money transfers.
What’s the Hype about ‘Aani’?
The Aani platform is a recent addition to the UAE’s digital finance landscape, making its debut on October 16. Its primary feature? Enabling individuals to send and receive money within a mere 10 seconds using nothing more than the recipient’s mobile number. No bank account details or IBAN numbers required.
Designed and managed by Al Etihad Payments (AEP), Aani seeks to provide a seamless instant payment experience. This platform is not limited to person-to-person transfers but has several versatile features that make it a valuable tool for the modern user.
Top 5 Benefits of the Aani Platform:
- Mobile Number Transfers: Say goodbye to noting down bank details. Just input the recipient’s phone number, and the money is on its way.
- Request Payments: Need someone to pay you back? Make a money request directly through the platform.
- Bill Splitting: Dividing up dinner bills or shared expenses is now hassle-free.
- QR Code Payments: The future of in-store payments. Soon, users will be able to make payments at retail locations by simply scanning a QR code, as indicated by the CBUAE.
- Manage Payment Requests: Have full control over your transactions. Whether you’re sending or receiving requests, you can easily manage, accept, decline, or clear pending ones.
For those concerned about transaction limits, it’s noteworthy that the Aani platform caps each transaction at Dh50,000. This ensures a balanced approach between flexibility and security.
Seamless Integration with Leading UAE Financial Institutions
If the benefits above haven’t got you excited yet, this might: If you’re an account holder with popular financial institutions such as @adcb, @emiratesnbd_ae, @fabconnects, @mashreq, @nbfuae, @alfardanexchange, @myfinancehouse, and Habib Bank, then Aani is readily accessible to you. Simply log into your existing banking app, and you’ll find options to enroll in and start using Aani. It’s that straightforward.
With Aani, the era of painstakingly noting down and verifying long bank details might very well be behind us. UAE’s innovation in the financial sector continues to surprise and delight, and Aani is its latest gem. So why wait? Dive into the future of online payments and experience the convenience that Aani promises. After all, in this digital age, simplicity is the ultimate sophistication.