FAQs

klip works from your smartphone to pay for goods or services, send and receive money, as well as store money. It lets you send and receive cash digitally, and immediately. You do not need to have a bank account, or a minimum salary, but you can link it with your bank account or your payment cards.

Three principal aims of EDW are:

  • To replace physical cash
  • To allow those with out bank accounts to have a safe way of paying and receiving money
  • To minimise fraud and the risks inherent in the use of cash

The Emirates Mobile Wallet Company is jointly owned by 16 of the leading UAE national banks. Member banks are FAB, ADCB, ADIB, Mashreq Bank, DIB, CBD, RAK Bank, UNB, Al Hilal Bank, SIB, Al Masraf, Bank of Sharjah, Invest Bank, UAB, NBF, and NBQ. The Company has a Board of 9 representatives of stakeholder banks, and its Chairman is Mohammed Al Jayyash, Chief Service Officer of Abu Dhabi Commercial Bank. Its Chief Executive Officer is Maki Vekinis, previously Head of Global Transaction Services at Abu Dhabi Islamic Bank.

Using klip is free of charge, for both customers and merchants, for domestic payments.

Using klip is free of charge, for both customers and merchants, for domestic payments.

For payment it will work in many ways like a debit card, only the funds will be transferred to the payee or recipient instantaneously. But it can also be used to store funds and transfer them to others. It will be accepted everywhere in the UAE

Yes. There will be single transaction and daily limits

It is very safe. The entire payment process is protected in the same way that customers’ assets and transactions are by UAE banks.