Emcredit, a Dubai Economy subsidiary, signed an MoU with Noor Bank to use the service

Emcredit, a subsidiary of Dubai Economy, the government agency, is set to launch empay, a mobile payment service aimed at enabling customers to conduct their financial and non-financial transactions in secure way, the company said in a statement on Thursday.

Emcredit, a subsidiary of the Department of Economic Development (DED) in Dubai, signed a memorandum of understanding (MoU) with SMK Logomotion Corporation, a global provider of mobile payment solutions, to develop and launch innovative and secure payment products and services in the UAE to benefit local consumers, banks, finance houses and telecommunication companies.

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