DED and Mashreq sign e-payment deal
Dubai, August 18, 2009
The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licence fees.
As per the agreement, both parties will jointly boost the efficiency of licensing procedures, enhance productivity and ensure added-value service to clients.
“The agreement comes in line with DED’s objective to enhance the performance of the business sector, which plays a vital role in driving the growth of the economy in Dubai. The agreement is the first in a series of several similar others with the financial sector in the UAE to provide electronic payment services for customers,” said Khalid Al Kassim, deputy director general for Planning and Development, DED.
“This is part of DED’s strategy to strengthen Dubai’s economic growth and position it as a leading economic and trade centre,” he added.
“This service is an initial step in a series of future services towards providing new e-payment solutions to various government entities that allows easy access and value added services to UAE residents,” said Tarek Fawzi, first senior vice president, head of Corporate Banking at Mashreq.-TradeArabia News Service