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eDirham 9-month revenues up 15% at Dh6b

Staff Report/Abu Dhabi
Filed on October 14, 2015 | Last updated on October 14, 2015 at 08.49 am

The total number of electronic services that has been completed through the eDirham system since the beginning of 2015 rose eight per cent to 27.3 million.

The total automatically collected amounts of revenues by the Federal Government via the eDirham system in the first nine months of 2015 was more than Dh6 billion, up 15 per cent from Dh5.1 billion in the same period of 2014.

The total number of electronic services that has been completed through the eDirham system since the beginning of 2015 rose eight per cent to 27.3 million compared to around 25.1 million services in the same period last year.

The total number of transactions conducted through the system during the first three quarters of 2015 increased nine per cent to more than 12.5 million transactions, compared to 11.4 transactions conducted through the system in the same period 2014. Also, the number of sold eDirham cards had increased to 1.6 million cards by the end of September 2015.

Saeed Rashid AlYateem, Assistant Undersecretary for the Resources and Budget Sector at the UAE Ministry of Finance, said: "The remarkable increment in the number of transactions by eDirham reflects the up-tick of turnout to use the system as a convenient mean of making payment for public services and revenue collection by government entities, private companies as well as individuals".

He noted that the average execution time for Web transactions through eDirham network is now only 1.13 seconds, whereas the average execution time for the transactions through eDirham POS devices is only 1.08 seconds only.

AlYateem added: "The confidence in using eDirham is reflected in the ever-increased number of the system users, and that is crowning the relentless efforts by the MoF to support the UAE vision of promoting smart and e-government services and the provision of best payment and revenue collection services available to meet the aspirations and requirements of eDirham clients in government enteties, corporate and end-users."

"The performance figures of eDirham system since the beginning of 2015 reveals the commitment to innovation that will place eDirham in the unique position of being the first payment gateway in the UAE for governmental and semi-governmental services, and as a favorable method of payment for other services as well."

- business@khaleejtimes.com





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