Payit is a digital wallet app for UAE residents, offering features like local and international money transfers, bill payments, instant borrowing, and rewards. Users can open accounts online, manage finances, and access various financial services securely from their mobile device.
In the Payments & transfers space, Payit- Send, Spend & Borrow takes a focused approach. It enables users to manage finances, send money, pay bills, and borrow instantly from one app. It is built as a consumer product for consumers in the UAE. There is a free tier. It runs on iOS.
Behind Payit- Send, Spend & Borrow is First Abu Dhabi Bank (FAB), based in the United Arab Emirates, and it first shipped in 2018. Among its 6 catalogued features are money transfers, bill payments, and digital wallet.
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