Dubai, United Arab Emirates –  Emaar Properties celebrated the launch of The Oasis by Emaar, its latest waterfront luxury lifestyle destination, with a gala event held last night at the Armani Hotel in Burj Khalifa, Downtown Dubai.

The exclusive VIP event was attended by Emaar Properties customers and top properties agents. The evening’s highlight was the presence of the event’s guest of honour, international superstar Shahrukh Khan, who welcomed the ceremony’s guests and expressed his admiration for the new launch that joins the portfolio of renowned Emaar destinations, saying: “Whenever Emaar presents us with an urban marvel, it immediately follows it with another new destination that is a masterpiece in and of itself, such as The Oasis by Emaar, which we are celebrating tonight. This is not unusual for Dubai, a great metropolis that has become one of the world’s most famous, elegant, and advanced cities.”

Emaar Properties’ newest lifestyle destination, The Oasis by Emaar, is one of the largest and most prestigious developments in Dubai, covering a total land area of more than 100 million square feet (9.4 million square meters). With a total development value of USD 20 billion, the development boasts exceptional architectural design by the world’s most famous architects, with interiors created by prominent international designers. Adhering to Emaar’s commitment to delivering exceptional quality, The Oasis offers over 7,000 residential units focusing on large mansions and villas with spacious plots, providing residents with stunning views of water canals, lakes, and parks.

Aiming to provide a prestigious and upscale living experience in Dubai’s real estate landscape, the development is designed to create a resort-style lifestyle, with 25% of the land dedicated to lakes, water canals, parks, jogging tracks, green spaces, and various luxury amenities. This emphasis on recreational spaces allows residents to enjoy a high-quality living environment and engage in an active and healthy lifestyle.

The Oasis by Emaar is situated in a prime location within Dubai, surrounded by high-end developments. It offers proximity to four international golf courses, allowing residents to indulge in their passion for golf. The development is conveniently located just a 20-minute-drive from downtown Dubai, providing easy access to the city’s vibrant attractions. 

The Oasis by Emaar will also feature an expansive 1.5 million square feet retail area, hosting a wide array of lifestyle brands and offering residents access to superior shopping options. Moreover, there will be a variety of food and beverage outlets, ensuring a diverse culinary scene to cater to different preferences.

Commenting on the new development, the founder of Emaar, Mohamed Alabbar, said, “In each of its destinations, Emaar strives to meet the needs of our discriminating clientele. Our primary objective is to design one-of-a-kind destinations that complement our clients’ opulent way of life while providing unmatched comfort and luxury. Our most recent integrated project, The Oasis by Emaar, is poised to complement the urban landscape of Dubai and redefine the future of luxurious living amidst nature and water, blending harmonious architecture and exceptional amenities.”

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 94,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with over 1,300,000 square meters of leasing revenue-generating assets and 37 hotels and resorts with 8,134 rooms (includes owned as well as managed hotels). Today, 37 percent of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, The Dubai Mall, the world’s most-visited retail and lifestyle destination, and The Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on: Facebook: www.facebook.com/emaardubai, Twitter: www.twitter.com/emaardubai, Instagram: www.instagram.com/emaardubai.

For more information:

Emaar Marketing Department

Email: PR@emaar.ae

One of the least preferred modes of payment is cash, which is only used by 19% of consumers. Since people are increasingly using card payments and contactless payment solutions for transactions, every business owner should have a card machine. The newest addition such as the portable card machine has boosted the popularity of card machines.

It is not surprising that the world of card machines has grown with the proliferation of card machines on the market and technological advancements. Businesses can accept card payments using a variety of card machines on the market today, each specifically designed to satisfy the payment acceptance needs of a wide range of businesses.

In some cases, the device can be wireless and portable, while in others, it may be integral to a larger system connected via cables. POS (point-of-sale) systems that integrate with traditional countertop machines, Virtual card readers, mobile card machines, and portable card machines are some of the most widely used categories of card machines

Portable card machines as its name suggests are designed to move from one place to another are compact and convenient for use in shops and market stalls of all sizes, and they can be used anywhere. In the following article, we will discuss portable card machines in more detail.

Why choose portable card machines?

In the current era, many electronic devices connect via Bluetooth or Wi-Fi, including portable card machines. At your store, a Wi-Fi reader transmits signals from the portable card machine to your wireless gateway/router before connecting to your landline and going online. When you use your phone or tablet to connect to the internet, the information is transmitted to a cellular base station and then to the internet via a mobile network connection.

Despite some of these devices communicating wirelessly, they still require power from an electrical outlet. There are, however, some devices that use rechargeable batteries.  Although the portable card machines require charging, they offer a merchant a great deal of flexibility, as they can be moved around at will, either to different stations or off-premises (such as trade shows). Apart from being portable and flexible, portable card machines have many more benefits. Some of them are listed below.

1. Keeping customers satisfied

A business’s success depends on ensuring its customers are satisfied. Cashless payment options are expected and demanded by customers nowadays, even by small-scale businesses that used to rely heavily on cash. With portable card readers, your business can provide a service that customers demand, which positions you as a forward-thinking, modern business that cares about its customers.

2. Accounting at ease

Portable card machines can reduce the paperwork burden associated with business accounts rather than adding to them. In addition, most portable card readers come with a comprehensive suite of reporting tools that are useful for monitoring your business’ performance and analytics.

3. Payments are fast and convenient

Payments can be made quickly and conveniently in just a few seconds, benefiting both the business and the customer. The convenience is also accompanied by an extra level of security that has become increasingly important in recent years. With a portable card machine, you can offer your customers the convenience of contactless payment.

4. Easy to set up and use

People of all technological backgrounds can quickly master the workings of the portable card machine, and the setup is simple enough that most people can get it up and running in no time.

5. Durability

As a recent addition, portable card machines are built for long-term use. The rigors of the workplace can be handled by portable card readers, regardless of whether they are exposed to oil and fat in a burger van or dust and knocks in a construction van.

6. Increasing the spending tendency of customers

In contrast to cash payments, customers might spend more on transactions if the payment process is simplified and reliance on cash is reduced. In the future, customer spending per transaction is sure to increase as contactless limits rise and more people switch away from cash.

7. More Security

Small and mobile businesses have always been vulnerable to carrying their daily takings around. They are at risk of theft and even losing cash as a result. With a portable card machine, these threats are eliminated. It is as good as having the money in your bank account once a payment has been made. Business owners are also protected from fraudulent payments, such as counterfeit currency or bad checks. Even though cybercrime is still possible, most portable card machines come with encryption technology that protects data from hacking and fraud.

Impact of portable card machine for businesses in UK

As of 2021, over half of all UK payments were made with cards. According to a study published in 2022, 60% of UK citizens use card payments to purchase items. The pandemic contributed to this increase, but it is part of a long-term trend in which cash payments have declined and card payments have increased.

As the UK business field is increasingly relying on card payment solutions, growth in the payments market was driven by a surge in contactless card payments and debit card payments during the review period (2017-21).

The number of contactless cards and their usage in the country grew strong during the review period, with most users deeming these card payment solutions useful. Strong growth was also seen in instant payments as both consumers and businesses increasingly used online and mobile banking to make payments and transfer funds.

Technology introduced portable card machines to a society that is desperate to use card payments over cash. In the UK itself almost all the business structures are providing card payment solutions to customers with the help of portable card machines as they are more affordable than traditional card machines and offer a large bundle of benefits.

With the exponential increase in usage of digital banking in the last handful of decades, fintech has indeed been one of the most rapidly growing industries in the world.

This is thanks in large part to the efforts of companies like Black Banx. Since its official launch in the international fintech market in 2015, the London-based company revolutionized the way financial services are accessed and delivered literally across the world. 

Its entry into the already highly competitive industry not only provided consumers another choice for their digital banking needs, but also expanded their career, business, travel and overall financial management prospects to almost anywhere in the world,

Globalized digital banking

Black Banx continues to play a pivotal role in popularizing borderless digital banking and mobile payments. 

Its user-friendly mobile application allows customers to manage their finances, transfer funds, and make payments conveniently to and from anywhere in the world at their convenience. 

This breakthrough has not only contributed significantly to the surge in the adoption of digital banking services and the proliferation of mobile payment platforms, but has made it increasingly easier for digital professionals to take on job opportunities coming from overseas, for businesses to expand their markets internationally, and for anyone to essentially buy, pay, or make investments from thousands of miles away.

Today, thanks to Black Banx, consumers can effortlessly conduct transactions, access their financial information, and even grow their wealth across 180 countries and counting.

Launched a unique and unprecedented cryptocurrency proposition

Since 2015, the fintech industry has witnessed significant advancements in blockchain technology and the emergence of cryptocurrencies.

Black Banx recognized the potential of blockchain early on and has since incorporated it into its infrastructure, enabling secure and transparent transactions. As a result, blockchain technology gained wider acceptance and implementation across various financial services, such as identity verification, digital debit payments, and Black Banx’s signature service: cross-border payments. 

The launch of Black Banx also coincided with the exponential growth of cryptocurrencies, such as Bitcoin and Ethereum. The two have since become widely recognized assets and alternative investment options and are offered in Black Banx’s fully fledged cryptocurrency trading services. .

Committed to providing customers with the most comprehensive borderless banking solutions possible, Black Banx has established a unique cryptocurrency proposition. It offers customers complete autonomy by way of being a fully fledged banking platform with the features of a crypto exchange that enables users to directly pay third parties with their crypto balances. 

Raised inclusivity in banking

Black Banx has played a significant role in making banking more inclusive since its launch in 2015. 

By introducing user-friendly mobile applications and digital banking services, Black Banx has empowered individuals who were previously underserved by traditional banking institutions. This inclusivity has extended to populations with limited access to physical bank branches, such as those in rural areas or underserved communities. 

The convenience and accessibility offered by Black Banx’s technology have allowed individuals to easily open accounts, access financial services, and conduct transactions, again, to and from almost anywhere in the world, thereby reducing barriers and expanding financial inclusion. 

Additionally, Black Banx’s embrace of alternative modes of payment, such as the previously mentioned cryptocurrencies as well as the Black Banx Debit Cards (virtual or physical) in different currencies, has provided individuals and small businesses with new avenues for making transactions, which has leveled the playing field and helped in fostering economic empowerment.

Through its innovative solutions, Black Banx has made significant strides in ensuring that banking services are accessible to a broader range of individuals, contributing to a more inclusive financial ecosystem.

The fintech industry has indeed seen remarkable changes since the launch of Black Banx in 2015. 

Its pioneering efforts in global digital banking, borderless mobile payments, cryptocurrency trading, and more has been vital in reshaping the financial landscape and has transformed the way people around the world manage and access financial services. 

As the industry continues to evolve, further advancements and disruptions can be expected to be driven by the innovative spirit of Black Banx.

Banks traditionally rely on in-house teams to develop and maintain their technology infrastructure. However, the rise of banking-as-a-service (BaaS) is changing how financial institutions approach innovation.

BaaS allows banks to outsource certain aspects of their technology infrastructure to third-party providers, enabling them to focus on core banking activities. This shift has led to increased competition among BaaS providers, resulting in improved services and greater flexibility for banks. As a result, we can expect to see even more innovation in the financial industry in the coming years.

What is Banking-as-a-Service?

Banking-as-a-Service (BaaS) is a model allowing third-party companies to provide financial services through APIs integrated into their products or services. This means that non-financial companies can offer banking services without having to go through the rigorous regulatory processes and expensive infrastructure requirements that traditional banks face. BaaS allows for greater flexibility and innovation in the financial industry, as companies can focus on their core competencies while still offering financial services to their customers. This model is quickly gaining popularity and is poised to revolutionize the economic landscape.

What are the benefits of Banking-as-a-Service?

BaaS is an essential tool for banks looking to innovate and stay ahead in the ever-changing landscape of finance. With increased flexibility, banks can plug in third-party service providers to leverage their capabilities and offer more personalized solutions to customers. This, in turn, leads to faster time-to-market for new products and services. Outsourcing certain banking functions also improves efficiency and reduces internal costs. Most importantly, BaaS allows banks to access cutting-edge technology and fintech solutions, leading to greater innovation and a competitive edge in the industry.

The essential benefits of banking-as-a-service are as follows:

• Increased Flexibility: BaaS allows financial institutions to plug in third-party service providers and leverage their capabilities without having to build solutions in-house.
• Enhanced Customer Experience: With Baas, banks can offer more personalized solutions that cater to the needs of specific customer segments.
• Faster Time-to-Market: BaaS greatly reduces the time and resources required to develop new products and services.
• Improved Efficiency: Outsourcing certain banking functions can help reduce internal costs and streamline processes.
• Greater Innovation: BaaS allows banks to access cutting-edge technology and fintech solutions, allowing them to stay ahead of the competition.

The future of banking-as-a-service

The banking-as-a-service (BaaS) industry is rapidly evolving, and the future looks promising. Here are some of the trends that we can expect in the coming years:

• Increased collaboration between traditional banks and fintech companies
• More personalized services for customers
• Greater use of artificial intelligence and machine learning
• Implementation of blockchain technology for secure and transparent transactions
• Expansion of BaaS into emerging markets

As BaaS continues to disrupt the traditional banking industry, we can anticipate exciting new developments that will improve the financial landscape for consumers and businesses alike.

How to Integrate Banking-as-a-Service to Your Business?

If you’re looking to integrate banking-as-a-service (BaaS) into your business, there are a few key steps to follow.

First, research BaaS providers, such as Openpayd, and choose one that aligns with your business needs and goals. Next, work with the provider to integrate their APIs into your existing systems.

Ensure your team is trained to use the new system and can troubleshoot any potential issues. Finally, regularly evaluate the performance and value of the BaaS solution to ensure it continues to meet your business needs.

By following these steps, you can successfully integrate BaaS into your business and unlock new opportunities for innovation in finance.