The Emirates NBD Bank, a leading banking group in the Middle East, North Africa, and Turkey, has announced that the “International Securities” brokerage, based in the UAE, is now accessible on the Emirates NBD Pay electronic payment platform. This integration leverages Visa’s “Account Funding Transactions” model, enabling clients to fund their trading accounts securely through card-to-account transfers with near-instant processing.
By adopting the Emirates NBD Pay service, investors using “International Securities” can directly recharge their brokerage accounts via the “International Securities” portal, ensuring that transactions are processed securely with approved electronic payment systems. This initiative significantly reduces funding times compared to traditional bank transfers, allowing quicker access to trading opportunities while supporting the essential funding flows for brokerage firms.
“International Securities” is the first brokerage to join the Emirates NBD Pay platform under the “Account Funding Transactions” model, marking a significant milestone in the development of card funding solutions for capital markets in the region. The launch of this model on its payment gateway establishes a scalable and ready-to-use framework that can be expanded to include additional brokers and other investment use cases and e-wallets.
This new service comes in response to the growing demand for faster and smoother digital funding experiences within the investment ecosystem, as financial institutions continue to enhance infrastructure that supports efficiency, security, and scalability.
Digital Payment
Anith Daniel, Group Head of Transaction Banking at Emirates NBD, stated, “The inclusion of ‘International Securities’ on the Emirates NBD Pay platform using the ‘Account Funding Transactions’ model underscores our commitment to advancing digital payment capabilities across various investment sectors. By enabling near-instant funding for brokerage accounts via cards, we continue to facilitate quicker market participation while ensuring secure and scalable processing, adhering to global payment standards. Emirates NBD will continue to invest in next-generation payment capabilities that foster a more interconnected and responsive financial infrastructure to support evolving investor expectations and new market models.”
Ayman Hamid, CEO of “International Securities,” expressed, “We are pleased to be the first brokerage to enable electronic payment services on the Emirates NBD Pay platform using Visa’s ‘Account Funding Transactions’ model. This step reflects our commitment to enhancing our customers’ experience. Through this collaboration, clients can now fund their trading accounts more quickly and securely using their debit cards, streamlining the process and providing access to available market opportunities.”