back Back

Sharjah Finance Department partners with SIB to launch new payment service

By Leandra Monteiro

July 08, 2021

  • Sharjah
Share

Sharjah Islamic Bank, SIB, Sharjah, payment service, ATMs, Google PayThe Sharjah Finance Department (SFD) partnered with Sharjah Islamic Bank (SIB) to launch an easy payment service of government transaction fees in the Emirate of Sharjah.

Transactions can be made using the Emirates ID card and SIB’s ATMs, provided that the service has been activated prior to it. This is in line with the Sharjah Finance Department’s strategy to enable digital transformation in all aspects of finance and governance.

Huda Al Yasi, Director of Financial System Department at the SFD, said, “The Sharjah government is a pioneer at the local and regional levels, and is the first to accept the Emirates ID card as a preferred method for payment and collection of transactions fees for government services in the emirate. This is out of Sharjah government’s keenness to facilitate customers and enable them to obtain its services 24 hours a day, seven days a week, without waiting in lines, from anywhere, and at a convenient time for them.”

She pointed out that the department now provides a wide variety of payment options to offer flexibility and security. These include the smart receipt system called ‘Tahseel’ card, all major credit and debit cards, and global digital payment wallets such as Apple Pay, Google Pay, and Samsung Pay, in addition to transactions through the official website.

Al Yasi further added, “The department plans to continue developing its systems and improve its services to enhance the efficiency of the financial system in the Emirate.”

Waleed Al Amoudi, Head of Digital Banking at Sharjah Islamic Bank, thanked the Sharjah Finance Department for its confidence in SIB. He said, “SIB is keen to facilitate the Sharjah government’s customers, and help them overcome any obstacles they might face in making payments. The bank’s modern and technologically advanced systems help meet the needs of government agencies when it comes to collecting fees and making transactions.”

Al-Amoudi praised the cooperation between government agencies in the emirate and Sharjah Islamic Bank, noting that the bank has all the digital capabilities in place to cope up with the increase in demand for advanced digital services.

In 2017, the Sharjah Finance Department signed an agreement with the Emirates Identity Authority to use the Emirates ID card as an electronic payment method for citizens in all Sharjah government-related transactions. This allowed people to open individual and filing accounts and use their ID cards in several banks and exchange companies – making the entire process quick, safe, and easy.

Making payments with the government-issued Emirates ID card helps reduce the number of cards a person needs to always carry. Thanks to the advanced security features of the ID card, users’ data and information remain secure, and they stay safe from fraud. This is the key factor enabling digital transformation in all government services in the Emirates of Sharjah.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

July 08, 2021

Sovos announces acquiring of Portugal companies PetaPilot and Saphety

Read More
Next Article

July 08, 2021

5 tips to improve financial stability and security

Read More

IBSi Prime News

Week roundup

October 18, 2021

Sharjah

The Monday Roundup: what we are watching this week

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

3 reasons BNPL will be on the rise during the festive season

Read More

Today

Tradeshift Go reaches $2.5B in annualized Virtual Card charge volume

Read More

Today

Commercial Bank of Dubai and Infinios announce strategic partnership

Read More

Related Reports

Bank-wide
Sales League Table Report 2021

£1,500 / year

Know More
Market Reports
US Financial Services Technology Report 2021

£1,500 / year

Know More
Retail Banking
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Wholesale Banking
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More