‘New instalment option available for ADIB cardholders’

ADIB Launches Visa Instalments Solution for Cardholders

ADIB (Abu Dhabi Islamic Bank) has announced the availability of the ‘Visa Instalments Solution’ for ADIB-covered cardholders in the UAE. NEOPAY, the payments unit of Mashreq, is the first acquirer to enable Visa Instalments Solution at local merchants in the UAE.

This partnership allows ADIB Visa-covered cardholders to choose the Visa Instalments Solution to conveniently pay back the amount utilized from their covered cards for purchases in smaller, equal payments at checkout in-store. This feature helps cardholders manage their budgets efficiently and afford larger purchases effortlessly.

Amit Malhotra, Global Head of Retail Banking at ADIB, stated, “The launch of Visa Instalments Solution for ADIB cardholders is a significant milestone in our commitment to enhancing financial convenience for our customers. Through our collaboration with Visa, ADIB cardholders can now enjoy the flexibility of paying back the utilized amount from their covered cards in manageable easy installment payments at select retail stores, empowering them to make larger purchases while staying within their budgets.”

This partnership comes at a time when consumers are increasingly looking for easy installment payment options that suit their financial needs and preferences. By leveraging data-driven insights, ADIB and Visa aim to empower consumers with enhanced financial convenience and prudent financial services.

Visa Instalments Solution is a real-time API-based platform that connects key stakeholders in the payment ecosystem, such as issuing banks, payment processors, merchants, and payment facilitators. Visa has been collaborating with local issuers and acquirers in the UAE to provide these innovative payment solutions.

Overall, the launch of the Visa Instalments Solution by ADIB demonstrates a commitment to providing cardholders with greater flexibility and convenience in managing their finances and making purchases.