Dubai signs agreement with UAE Central Bank to facilitate user payment

Central Bank of the UAE

The Dubai Department of Finance (DOF) and Central Bank of the UAE (CBUAE), have agreed a deal aimed at facilitating the payment of fees owed by consumers of Dubai government entities.

It was signed by the CBUAE's Governor Abdulhamid M. Saeed Alahmadi and the DOF's Director-General, Abdulrahman Saleh Al Saleh.

The agreement will ultimately advance the UAE’s digital transformation strategy for public services.

Government entities in Dubai and their customers will now be able to access the CBUAE's direct debit service to facilitate customer payments through other banks in the UAE.

The service aims to enhance the Department's relationship with both parties while ensuring increased efficiency throughout the collection process.

A detailed action plan will be developed through the identification of common challenges and appropriate solutions in line with the public’s best interest. 

Abdulhamid Alahmadi said: "This agreement reinforces the UAE’s ambitious journey towards digital transformation. It is a testament to CBUAE’s continuous efforts to effectively contribute to the achievement of this transformation as we aim to support institutions and ensure their services are of the highest standard, agility and efficiency."

While Saleh Al Saleh said the deal "will provide consumers with access to a streamlined payment process as we aim to support the UAE’s strategy towards digital adoption."

More from Business News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • Middle East Hot 30

    Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!

  • Regional Artist Spotlight Podcast

    Hear Maz & James chatting to the featured artists every month with Flash Entertainment.