July 2, 2025
Ajman, UAE – In a move set to boost the digital financial landscape of the UAE, Ajman Bank has rolled out a co-branded payment processing solution for its business clients. This major launch has been made possible through a strategic partnership with VaultsPay, a CBUAE-licensed fintech company based in Dubai.
This new collaboration aims to create a digitally inclusive financial ecosystem, helping merchants, entrepreneurs, and SMEs thrive in a fast-evolving, tech-driven economy.
A Milestone Move: Ajman Bank’s First POS Offering
The launch marks a key milestone for Ajman Bank — introducing its first-ever Point of Sale (POS) solution with instant settlement capabilities. This allows business clients to accept credit, debit, and prepaid card payments with ease and security, across various retail environments.
The system also includes:
- Real-time transaction processing
- Advanced fraud protection
- Detailed reporting tools
These features reflect Ajman Bank’s strategy to broaden its digital offerings for SMEs and retail merchants across the country.
Strong Words from the Leadership
Mustafa Al Khalfawi, CEO of Ajman Bank, shared:
“This goes beyond just technology integration. It’s about helping businesses grow with more confidence. We’re building bridges for entrepreneurs and SMEs to succeed in the digital economy — safely and efficiently.”
His remarks highlight the bank’s commitment to playing a broader role in the business ecosystem by fostering innovation and financial inclusion.
On the other side, Ahmed Makhlouf, CEO of VaultsPay, emphasized:
“Our partnership with Ajman Bank sets the stage for a smarter, more inclusive payments landscape. With trusted banking and agile tech, we’re empowering businesses with secure, reliable solutions that align with the UAE’s vision for digital growth.”
Fintech + Traditional Banking = Future-Ready Business Support
This collaboration is a great example of how traditional financial institutions and modern fintech firms can come together to shape the future of business banking. By blending trust and technology, Ajman Bank and VaultsPay are delivering flexible, future-ready financial tools tailored for UAE businesses.
Now Available
The payment solution is now live and available to all eligible Ajman Bank business clients. It’s part of the bank’s broader mission to support innovation, inclusion, and smart growth across the UAE’s business ecosystem.
About Ajman Bank
Ajman Bank is a leading Islamic bank in the UAE, offering Sharia-compliant financial services to individuals, corporates, and government entities. Backed by the Government of Ajman, the bank focuses on transparency, innovation, and customer-first experiences while maintaining a strong human touch in its services.
Visit: www.ajmanbank.ae
About VaultsPay
VaultsPay is a Dubai-based fintech company licensed by the Central Bank of the UAE. It provides secure payment solutions, including digital wallets, acquiring services, and merchant support — designed to meet the needs of startups, SMEs, and large businesses.
Visit: www.vaultspay.com
