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A Nol Card is a credit-card-sized stored-value contactless smartcard that can hold prepaid funds to pay for fares on buses and trains within one or more of four "zones". These funds can be transferred online or at RTA customer happiness centers. [2] The credit must be added to the card before travel.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
e&, formerly branded as Etisalat, is a UAE state-owned telecommunications company. It is the 16th largest mobile network operator in the world by number of subscribers. On 31 December 2021, Etisalat reported consolidated revenue of AED 53.3 billion and net profits of AED 11.1 billion. [ 2 ]
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
The UAE telecom market is highly restricted, with both major players being largely government owned. There is little real competition, with the choice of provider generally determined by geographic location. du typically has a monopoly on freezones, while Etisalat has a monopoly in other specific areas.
Rank Operator Technology Subscribers (in millions) Ownership 1: Batelco: GSM-900 (GPRS, EDGE) 2100 MHz UMTS, DC-HSPA+ 1800 MHz LTE: 3.9 [8] (Dec 2022): Bahrain Telecommunications Company
On 18 March 2020, Finablr, of which UAE Exchange is a part, announced that the division had been placed under the supervision of the Central Bank of the UAE with immediate effect. The Central Bank of the UAE also stated that it had commenced an examination of the UAE Exchange in order to verify its compliance with applicable laws and regulations.
Etisalat, an Abu Dhabi company was able to get the shares with a large margin in the bid. [12] In June 2005, Etisalat won the 26% of PTCL shares along with management control of the then telecom monopoly for US$2.6 billion. As of 2019, Etisalat has held back $800m amount over a property-transfer dispute with the Pakistani government. [13]