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DED, CBD to offer e-payment option

Dubai, September 1, 2009

The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option of paying fees electronically.

This initiative aims at enhancing productivity, ensuring added-value service to clients and attracting investors to do business in Dubai.

As per the agreement, CBD will provide DED with electronic systems services to facilitate the review of banking settlement and also present a weekly detailed report covering all transactions and procedures that took place during the preceding week.

“DED will assist investors by co-coordinating with other government departments and authorities in achieving our objectives,” said Ali Ibrahim, deputy director general for executive affairs, DED. “We are always on the lookout to set applicable strategies to strengthen trade licensing procedures in Dubai.”

Faisal Galadari, general manager – business group, CBD, said: “Commercial Bank of Dubai is focused on serving customers with top-of-the-line technology. Online payment services have made transactions easy for all and are now a preferred mode for customers.”

“Our partnership with DED will benefit a large cross-section of customers. This agreement follows a number of other initiatives to provide eServices to other establishment and government departments,” he concluded. – TradeArabia News Service




Tags: Dubai | DED | Commercial Bank | CBD | Electronic payment |

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