Magnati card reader review 2026: tap to pay fees and rating
Launched the UAE's first tap-to-phone offering with Visa in 2022 and was one of the three launch providers of Tap to Pay on iPhone in 2024.
The score measures transparency, reach and certification of the offer — not how well the app works. See the formula
Magnati offers Magnati Tap to Phone / Tap to Pay on iPhone for iOS + Android. Transaction fee: on request; monthly fee: on request. Security certification: n/a. Available in: UAE.
Magnati terms in full
| Product name | Magnati Tap to Phone / Tap to Pay on iPhone |
|---|---|
| Provider type | SoftPOS + hardware |
| Headquarters | UAE |
| Founded | 2021 (spun off from First Abu Dhabi Bank) |
| Platforms | both |
| Certification | Visa Tap to Phone certification |
| Transaction fee | on request |
| Monthly fee | on request |
| Setup cost | on request |
| Contract term | n/a |
| Cards accepted | Visa, Mastercard, American Express, Apple Pay, Google Pay |
| PIN entry on screen | n/a |
| Transaction limit | n/a |
| Target customers | Merchants in the UAE, FAB business customers |
| Available markets | UAE |
| Website | magnati.com |
| Data source | Open primary source ↗ |
Alternatives to Magnati
Comparable providers in Middle East:
- Foloosi — on request, Rating 3.9
Compare all providers in Middle East →
Frequently asked questions
Magnati tap to pay: do I need any extra hardware?
Not necessarily. Magnati sells card terminals as well, but its tap to pay product works on a phone you already own, with no extra hardware. Supported platforms: iOS + Android.
Which countries is Magnati available in?
By our records: UAE. Availability changes, and the date above the table is when we last checked.