E-Mal Powered by eFatoora Gets License Approval
DUBAI, United Arab Emirates, April 9, 2018 (Newswire.com) - e-Mal, a new startup in the UAE powered by eFatoora, gets the blessing from the UAE Government for Financial License. Both companies are focused on the betterment of the society and the environment we live in.
eFatoora promotes sustainability - and this word is not just applicable to the environment but to the life cycle of every single individual. Along with creating an environment which is greener and cleaner for our next generations, eFatoora is also focusing on creating a financial eco-system which will bring together and connect societies who are excluded from even minimum levels of financial "freedom." eFatoora, Dubai, is one of the companies driven by the “Smart Dubai Vision 2021,” promoting sustainability and an eco-friendly environment. eFatoora is committed to society and its people and the generations ahead, and at the core of the company lies passion and drive to place our products into the market in such a way that benefit consumers and the society we live in.
"In many economies, and especially those which are blue-collar worker dominant, the rich get richer and the poor get poorer. We often wonder why - when the answer is right in front of us. We say the time is 'NOW' - but do we think of each of those segments and those people who are not included in the NOW? So, e-Mal is that very idea which has developed and keeps growing with the bigger picture in mind. e-Mal works by using the technology available to us and the new era of FinTech to create a platform which makes a difference in everyone's day to day lives," said Yasmine khan, founder of e-Mal and eFatoora UAE.
e-Mal caters to both micro and macroeconomic segments by creating a hub which promotes financial transactions using blockchain technology, at minimum costs to the un-banked and migrant population of the United Arab Emirates. Such financial hubs/exchanges are yet to be developed in the Smart Economy. e-Mal is creating it and transforming the concept into a reality. The e-Mal financial hub will not only allow cross-border transfers, but will also act as a trading hub for international exchanges and digital currencies. e-Mal aims to build a society where financial inclusion and betterment of standard of living is a priority. Whether it be employers, consumers or migrants, e-Mal is the infrastructure and platform which bridges the gaps while making sure that today's digital economy is run with green and eco-friendly initiatives.
In the global economy, any product, to be viable, has to add financial benefit to the economy and their stakeholders. The value proposition of e-Mal has taken this into account. The return on transaction(s) would be considerably higher, but the cost to the end-user will be significantly lower as e-Mal uses smart contracts and removes third-party entities and lengthy administration processes.
With e-Mal and eFatoora, in collaboration with partners and visionaries who share the same vision, this project and impact is bigger than anyone can even imagine. At eFatoora and e-Mal, there is a core vision in creating value and giving something back to society. These values go beyond an income model and think about those migrant workers and their families who can be assisted and brought closer together in what will be a Smart Economy or a Smart Global Financial Hub. e-Mal has already signed exclusively with one exchange house, solar partners, one prominent banking institution and influential local sponsorship, all to be showcased at the official launch in May 2018. With the eFatoora network and significant partnerships, e-Mal will create a new age city where Dubai can truly showcase the world's first smart eco-friendly financial city.
Source: eFatoora