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Home » Ajman Bank Launches POS Services in VaultsPay Partnership
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Ajman Bank Launches POS Services in VaultsPay Partnership

Sam AllcockBy Sam AllcockJuly 4, 2025No Comments2 Mins Read
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Ajman Bank has unveiled its first-ever Point of Sale (POS) and instant settlement services, launched in collaboration with Dubai-based fintech company VaultsPay, marking a significant expansion of the bank’s digital offerings for business clients across the UAE.

The comprehensive co-branded payment processing solution is designed to support merchants, SMEs, and entrepreneurs through secure, real-time payment acceptance and transaction settlement, further strengthening the bank’s position as a key enabler of the UAE’s digital and inclusive economy.

The new service leverages VaultsPay’s Central Bank of the UAE-licensed fintech infrastructure, offering Ajman Bank’s business clients a robust suite of features, including:

  • Acceptance of credit, debit, and prepaid cards
  • Instant settlement capabilities
  • Advanced fraud protection
  • Real-time transaction processing
  • Detailed analytics and reporting tools

A Strategic Milestone in Digital Banking

This move represents a major milestone for Ajman Bank, reflecting its transformation into a more agile, digitally enabled institution. It also marks the first time Ajman Bank has entered the POS services space, expanding its business banking portfolio with cutting-edge fintech integration.

“This partnership program represents more than just a technology integration; it’s a step toward enabling businesses across the UAE to operate with greater agility, confidence, and trust,” said Mustafa Al Khalfawi, CEO of Ajman Bank.
“Through this collaboration with VaultsPay, we’re building bridges for entrepreneurs, retailers, and SMEs to participate more fully in the digital economy.”

Driving Financial Inclusion Through Fintech Collaboration

As part of a broader national vision, the partnership also reinforces the UAE’s strategic push toward financial innovation and inclusion, particularly for small and medium-sized enterprises—long considered the backbone of the country’s economy.

Ahmed Makhlouf, CEO of VaultsPay, emphasized the importance of collaboration between fintechs and traditional banks:

“Together, we are laying the groundwork for a smarter, more inclusive payment infrastructure—one that reflects the UAE’s leadership in digital innovation. Technology is a catalyst for equity, access, and growth, and this launch embodies that vision.”

Available Now for Ajman Bank Business Clients

The co-branded POS program is fully live and accessible to all eligible Ajman Bank business clients, delivering a secure and scalable digital solution tailored for retail environments of all sizes. The rollout is expected to boost cashless transactions, improve merchant operations, and support national efforts toward building a resilient, future-ready economy.

Ajman Bank continues to prioritize partnerships that extend beyond traditional banking, enabling a smarter financial ecosystem that empowers innovation, access, and inclusive growth throughout the UAE.

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Sam Allcock
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Sam Allcock is a seasoned media professional and content strategist with a passion for storytelling across digital platforms. As a contributor to Abu Dhabi Week, Sam brings a sharp editorial eye and a deep appreciation for the culture, innovation, and lifestyle that define the UAE capital. With over a decade of experience in journalism and public relations, he covers everything from local events and business trends to travel, dining, and community highlights. When he's not writing, Sam is exploring the hidden gems of Abu Dhabi, always on the lookout for the next story worth sharing.

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