Klip

#e-Wallet

Klip offers a digital wallet that allows users to store money on their mobile phones and use it to make payments at participating stores. Users can also send money […]

Certified payment providers N/A
    Market coverage 1
    • United Arab Emirates
    Currencies 1
    • United Arab Emirates Dirham
    Description

    Klip offers a digital wallet that allows users to store money on their mobile phones and use it to make payments at participating stores. Users can also send money to other Klip users from their digital wallet.

    To start using Klip, users need to download the Klip mobile app on their smartphones and create an account. Once the account is created, users can top up their digital wallet by transferring money from their bank account or using a credit card.

    When users make a purchase at a participating merchant, they can pay by scanning a QR code generated by the merchant using the Klip app. The payment is then made directly from the user’s digital wallet.

    Klip also offers additional features such as the ability to split the bill among multiple Klip users during a restaurant meal, pay bills, and top up transportation cards.

    Regarding security, Klip employs advanced security measures to protect users’ financial information and transactions. This includes data encryption, two-factor authentication, and other protective measures.

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    Frequently Asked Questions

    What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

    NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

    What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

    Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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