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LuLu Money Singapore Launches Cross-Border Payments Platform Digit9 in UAE

Jonathan Wong

Jonathan Wong

18 September 2023

LuLu Money Singapore, a subsidiary of Abu Dhabi-based LuLu Financial Holding, is pioneering its digital payments ecosystem in the UAE with the launch of Digit9, a cross-border payments platform developed in collaboration with Endava, a digital transformation and intelligent automation solutions provider.

Digit9, a Remittance-as-a-Service (RaaS) product, aims to enhance financial flexibility, reliability, and transparency, enabling seamless multi-currency remittances in real-time for banks and fintech firms. The platform will serve over 2,000 global partners and is being launched in partnership with LuLu Exchange.

Built on Open Banking standards, Digit9 offers white-label solutions for payment distribution networks, allowing organizations to create innovative cross-border payments applications without complex infrastructure setup. It can handle more than 300 transactions per second across its partner network.

The development of Digit9 was facilitated by The Endava Adaptive Model (TEAM), streamlining software development and revolutionizing cross-border payments in the UAE and the broader MENA region.