Dubai ePay system generates $1bn
Dubai, October 9, 2013
More than Dh4 billion was generated through Dubai Smart Government’s ePay system in the first nine months of 2013, which is a 23 per cent increase compared to the same period last year.
ePay enables customers to electronically pay their bills and settle dues for various government services in a safe and secure environment.
A total of Dh4.010 billion, through 3,314,067 transactions, was collected through ePay on behalf of 28 participating government entities by the end of September 2013 compared to Dh3.2 billion through 2,447,948 transactions in 2012. The number of transactions rose by 35 per cent, a statement said.
As shown by the figures, ePay is contributing to generating huge direct and long-term revenues in terms of government expenses.
Ahmad Bin Humaidan, director general of Dubai Smart Government, said: “These results clearly indicate a faster pace of eTransformation in Dubai as evidenced in the increasing adoption by customers of ePay as a preferred mode of payment to complete government transactions on one hand and in the confidence shown by customers in the efficiency and safety of this option on the other, thereby contributing to supporting and reinforcing the national economy. “
The ePay gateway allows individual and corporate customers to pay online for over 250 eServices provided by the participating entities, either through credit cards, direct debit from customer’s account in the five participating banks. – TradeArabia News Service