Colors: Orange Color

Innovative fintech company PayBy has now partnered with uPay, extending its reach to more than 850 uPay self-serve kiosks across the UAE. This is a key development for the UAE’s underbanked – 39% of UAE adults do not have a bank account, but do have limited access to financial services such as remittances, while 15% of these lack access to any formal financial services, according to a survey by the Central Bank of the UAE[1]. With PayBy now integrated with uPay systems, users have the option to top up their digital wallets on the kiosk machines and use PayBy for e-commerce transactions, cashless payments and peer-to-peer transfers.

Although there is greater emphasis on corporate social responsibility and a widespread use of new technologies in the commercial real estate industry, the biennial proprietary Global Real Estate Transparency Index published by JLL and LaSalle (NYSE: JLL) shows the slowest rate of transparency improvement since the period directly following the Global Financial Crisis.