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NBF partners with Ministry of Finance to launch e-Dirham Instant in UAE

By Edil Corneille

October 22, 2020

  • Ministry Of Finance
  • Nbf
  • UAE
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NBF, National Bank of Fujairah, UAE, Dubai, digital payment, online banking, Ministry of Finance, e-Dirham Instant, cashless economyNational Bank of Fujairah (NBF) announced the launch of e-Dirham Instant, its latest digital payment method that allows customers to pay for governmental fees and services using online banking. Led by the Ministry of Finance, this payment scheme is a result of a collaborative partnership between UAE governmental entities and key national banks across the UAE.

Available on NBF Corporate Access, the e-Dirham service offers an array of benefits that are aimed at making the customers’ experience smoother and more convenient. Users will be able to conduct instant and secure payments at any given time and in any given location using the online banking app. The e-Dirham payment scheme is widely accepted across all governmental services, ministries, federal and local authorities.

Vince Cook, CEO, NBF enthused, “We are very excited to be partnering up with the MOF to deliver a hassle-free payment method for our customers. With the UAE’s transition to a cashless society, we wanted to be at the forefront of this movement which is why we have dedicated our efforts to deploying the latest digital payment methods to our customers. We have seen a surge in digital transactions this year and they are only projected to increase moving forwards. With that in mind, it becomes essential for banks to offer new, safe and seamless payment facilities that support the country’s overall transition to a cashless economy.”

H.E. Saeed Rashid Al Yateem, Assistant Under Secretary of the Resource and Budget Sector at the Ministry of Finance apprised, “The Ministry of Finance is continuously seeking to connect, collaborate and coordinate with various banks and financial institutions, with the aim of providing new and advanced e-payment channels that stay abreast of the digital transformation in the country’s financial services. This, in turn, will strengthen the UAE’s standing in international competitiveness indices, and position it as a global model in smart government, and in building a knowledge economy.”

NBF has mentioned that over the past few months, it has been upping its digitisation efforts by launching key initiatives that support its customers’ journey towards cashless spending. Just recently, the bank went live with the Emirates Digital Wallet ‘klip’, a cashless payment application that allows customers to store, transfer and conduct payments in a seamless and secure manner. The bank launched an SME platform – NBF Connect, that is aimed at helping businesses navigate their journeys towards success.

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