Emirates NBD Joins Partior Network to Enhance Payment Infrastructure

2 hours ago

Emirates NBD, a leading banking group in the MENAT region, announced a strategic partnership with blockchain platform Partior to improve payment efficiency.

Partnership with Partior

The collaboration with Partior allows Emirates NBD to become the first regional bank to join this network, offering settlement services in UAE Dirham, Saudi Riyal, and Indian Rupee. Future plans include expanding to other major foreign currencies.

Our partnership with Partior is a crucial step in embracing new technologies to ensure our clients receive the most advanced financial solutions.Ahmed Al Qassim

Technological Advantages

Launched in 2021 and backed by major financial institutions, Partior's platform uses blockchain to enhance transparency and efficiency in settlement processes.

Strategic Prospects

Emirates NBD is considering an equity investment in Partior, highlighting their intention to strengthen strategic ties in the financial ecosystem. The partnership fosters economic growth and innovation in the region.

This investment marks an important milestone and opens opportunities for cross-market collaboration and the development of a seamless cross-currency payment ecosystem.Neeraj Makin

The collaboration between Emirates NBD and Partior represents a significant step in improving payment efficiency and security with cutting-edge blockchain technology.

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