With today's digital-first culture, dealing in cash, queuing up at the bank, or visiting service centers to pay bills is increasingly becoming an afterthought. UAE residents are increasingly resorting to mobile wallets like Payit, a secure, fast, and convenient app designed to serve modern-day financial needs.
No matter which emirate you are living in Dubai, Abu Dhabi, or another payit Dubai can simplify your daily transactions paying friends' bills or sending money overseas.
Below, you will find how to start using Payit, its benefits as a pro, and why it is becoming the UAE's financial go-to.
What is Payit?
Payit is the UAE's first end-to-end digital wallet application developed by First Abu Dhabi Bank (FAB). It's for all even without a bank account. You can pay bills, shop, send money, or even send e-gifts through one easy-to-use mobile application.
One of the major differences between Payit UAE and other banking applications is that you don't have to be an existing customer of FAB to use it. Anyone resident in the UAE who has a valid Emirates ID and mobile number can take advantage of it.
"Digital wallets like Payit aren't convenience tools they're revolutionizing the way we spend and live daily."
Why is Payit So Popular in the UAE?
Let's talk numbers.
The UAE has a penetration rate of over 99% when it comes to internet usage and features among the top 10 cashless economies of the world.
85% of the UAE's residents, based on Statista, opt for digital wallets compared to using money for day-to-day purchases.
The UAE market for mobile wallets is growing with a CAGR of 12% and is likely to touch over $4 billion USD in 2028.
Payit, boasting a rich-featured interface, is leading the charge in this digital revolution. It's been embraced by students, professionals, tourists, freelancers anyone who requires a secure and faster way to deal with money.
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How to Set Up Your Payit Account? Step by Step Guide
Getting started with payit app apk download is simple and can be done in a matter of minutes. If you are a newcomer to mobile wallets or simply require a hassle-free, secure payment solution in the UAE, simply take these simple steps and you'll be all set.
1. Download the Payit App
First, you need to go to the app store of your phone. If you are using Android cell phone , go to Google Play Store. For instance, if you have an iPhone, go to Apple app store. In the search box, type, “Payit” and locate the initial First Abu Dhabi Bank (FAB) app.
Make sure you choose the authentic Payit app and not a replicated app. You can identify the original app by looking for:
- The developer name: This should be "First Abu Dhabi Bank."
- The logo: A white and purple icon with the Payit logo.
- User ratings: It will have excellent ratings and over 1 million downloads.
- 2. Register Yourself
Once you have found it, press "Install" and wait for the application to download. This takes less than a minute, normally.
When you have downloaded, open up the program. On the welcome screen, there will be a button to "Register." Press this button in order to begin the registration process.
To register, you will need three things:
- Your Emirates ID (make sure that it is not expired)
- A UAE phone number that you can use to receive SMS
- A valid email address for account confirmation
Enter your name and general personal details. The app is simple to follow step by step. Don't stress about rushing just type in each box slowly.
3. Confirm Your Identity
To secure your account and follow UAE laws, Payit asks you to verify your identity. It's simple and will only take a few minutes.
- First, the app will ask you to take a photo of your Emirates ID.
- Second, the app asks you for a swift selfie. Place yourself in front of a light source and hold the phone flat. The app applies facial recognition technology to match your selfie with your ID picture.
It is also called KYC (Know Your Customer), and it is used for all financial services within the UAE. It protects your account and your money.
4. Fund Your Payit Wallet
Account now confirmed, you can now top up your Payit wallet. You have different convenient ways:
- Link a bank account and make a direct transfer to your wallet.
- Add a credit or debit card and charge instantly.
- Deposit money into your wallet through FAB ATMs or Payit's partner cash loading facilities.
- Choose the one that best suits you. Most users prefer linking their card or bank account for easy transfers.
5. Start Using Payit
Your Payit account is all set. Now you can:
- Send money to friends and relatives in seconds
- Pay for purchases at Payit QR code-supporting shops
- Pay bills, mobile recharge, or even orders for food and groceries
- Split bill with workmates or friends
- Gift vouchers for your family members
- In control, safe, and cashless has never come more convenient with the UAE Payit app. Everything you need is at your fingertips, and it's already in your phone!
Features That Make Payit a Must-Have
Let's see what you can do with this intelligent app once everything is all set. These features make Payit app an absolute must-have for home and business in the UAE.
Pay Bills
Payit allows you to pay any kind of bill electricity, water (like DEWA), telecom services (like Etisalat or du), internet payments, and even school fees in a school or in a university. No need to ever leave your home, no waiting in long lines anywhere. Simply log into your Payit app, select the provider company, put in your account login details, and pay within seconds either from your bed or your couch itself.
Local and Foreign Transfers
It is quick and simple to send money using Payit. You can send money in real-time within the UAE to fellow Payit customers or UAE bank accounts. You can send money overseas to over 200 countries via Western Union and other services we have added. If you need to send money to your loved ones back home or pay for services abroad, Payit offers cost-effective, real-time, secure transfers from your phone itself.
Shopping Online or In-Store
Never was shopping easier with Payit wallet. You can shop at stores by scanning a QR code, as easy as swiping a card. When you shop online, vendors now prominently feature "Pay with Payit" at checkout time. Or, you can also use the Payit cc (card) to shop at websites or stores where Payit is not yet accepted. Convenience, security, and simplicity are the keywords.
Send e-Gifts
Sharing love has gone digital with Payit's e-Gift feature. Select one of a variety of gift card designs, add your own message, and send it instantly to the mobile numbers of your loved ones. Whether birthday, Eid, or simply a thank-you gift, Payit has made gifting fun, instant, and thoughtful! Your loved ones can redeem the gift directly from their phone no need to step out!
Receive Salaries
Are you a part-time employee, a freelancer, or even an employee? Now you can get your salary credited to your Payit wallet directly. This is ideal for people who do not have a bank account. Your funds are secure, available 24/7, and usable immediately. You can even see your salary history and use it to settle bills, send money, or shop all under one roof.
Payit cc (Payit Card)
The Payit cc is a physical or virtual card attached to your Payit wallet. It's used in the exact same manner as a debit or credit card but with complete control over your spends. You can use it for store purchases, online shopping, or foreign purchases. It's accepted wherever Mastercard is accepted. And no surprise fees, and it's safer since you can freeze or thaw it at any time from the app.
Is Payit Secure?
Yes Payit is among the most secure digital wallets in the UAE. It's created by First Abu Dhabi Bank (FAB) and strictly regulated by the Central Bank of the UAE, so it meets strict financial and Cybersecurity standards. The app has biometric security like fingerprint or face scan, end-to-end encryption on all transactions, and live transaction alerts. And, it never shares your information unless you consent. Your confidential information and money are in safe hands.
Payit for Tourists and Visitors
Whether you are a tourist in the UAE or a visitor, you are always able to utilize the Payit app UAE. Travellers can register with passport number and temporary UAE mobile number without the need of any bank account! It's a top idea to track spending during holiday season. If shopping in Dubai malls, making transport bookings, or covering activity payments, Payit does them all simply with no requirement of cash carrying or opening an international account. A convenient alternative during short visits!
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Conclusion
Be a UAE resident, expat, or traveller to the UAE to see its wonders, Payit offers you an end-to-end financial solution in your grasp. It is speed, convenience, and smart technology, making managing money a cakewalk. Bill payments to international remittances, salary credits to shopping all within a few clicks Payit is changing the way you manage money.
And the best part? No traditional bank account required. That's freedom.
So why wait? Download the Payit app today and experience a whole new world of digital convenience. Indulge in the convenience of instant payment, secure convenience, and an entire paperless financing life – from anywhere in Dubai, Abu Dhabi or from somewhere else in UAE.
Frequently Asked Questions (FAQs)
Q1: Is Payit secure to use for cross-border transactions?
Yes, definitely. Payit is built by First Abu Dhabi Bank (FAB) and utilizes secure partnerships like Western Union to conduct international money remittances. All of this is encrypted and verified so your money reaches the intended individual safely. You will be sent a notification for every transaction as well, so you are safe and have total transparency. If you are paying your family members or issuing foreign bills, therefore, you can be assured of Payit's safe platform.
Q2: Do I have to be an FAB customer to use Payit?
Nope! Another awesome thing about Payit app UAE is that you don't have to be an FAB customer to join or use it. Any UAE resident who possesses an Emirates ID and UAE mobile number can sign up and access all the facilities of the app. This renders Payit an ideal choice for freelancers, employees, and even tourists that require availing on-the-spot and flexible financial facilities without having to open a traditional bank account.
Q3: Can Payit be compatible with both iPhones and Androids?
Yes! Payit is completely compatible with iOS and Android mobile phones. It can be accessed on apple play store as well as google play store. A number of improvements are being made in the app at regular intervals in order to add new capabilities, improve performance and provide additional security.Whether an iPhone or Samsung, Payit provides a seamless user experience, rapid navigation, and single-stop digital wallet capabilities at your fingertips.
