Key Data

• Trading Name: payit
  
• Legal Entities: First Abu Dhabi Bank
  
• Activities: digital wallet provider
  
• Location: UAE
• Regulations: yes

Payit is an all-in-one smart wallet app that provides real-time online payments for your daily shopping, online bill payment, bill splitting and money management.

Payit is the UAE’s first fully functional digital wallet. payit is powered by First Abu Dhabi Bank (FAB) and helps you manage your digital cash on the go.

Offering

Payit is a easy-to-use, and fully-featured digital wallet accessed through an app. You can choose between two levels of service:

The first level requires minimum verification and allows a monthly limit of AED 3,500
The second level requires full verification and gives you access to all of payit’s services with a monthly limit of AED 25,000.

Their service includes:

• Bill Payment
• Split Bills
• Money Transfer
• Pay Friends
• Request Payment

Conclusion

We rate the company on Green.