Extreme heat has blasted Asia from India to the Philippines in recent weeks, triggering heatstroke deaths, school closures and desperate prayers for cooling rain
asia2 hours ago
The Ministry of Finance (MoF) announced that the federal government revenue collected through e-Dirham reached more than Dh2 billion in Q1 2016, up 4.2 per cent from Dh1.92 billion in Q1 2015.
The number of service transactions done through e-Dirham during the first quarter of 2016 rose 10.7 per cent to yield nearly 10.1 million as compared to 9.1 million transactions during the same period in 2015.
Saeed Rashid Al Yateem, assistant undersecretary of Resources and Budget Sector, Ministry of Finance, said: "The figures point to the growing popularity of the e-Dirham system. It is now becoming the preferred mode of payment of individuals, corporate houses, and institutions."
The total payment receipts through the e-Dirham system increased by 24 per cent for the first three months of 2016, nearly 5.1 million receipts in Q1 2016 compared to about 4.1 million receipts in Q1 2015. The number of sold e-Dirham 'Al Haslah' prepaid cards reached 2 million by the end of March 2016.
"e-Dirham is the initiative of the federal government in the financial sector. The Ministry of Finance is keen to promote and upgrade the e-Dirham system to fulfil its vision and strategic goals in enhancing the efficiency of the government's services and collections. e-Dirham helped the digital economy grow and aided the move towards smart governance," Yateem added.
"The UAE federal government, ministries and local authorities have been promoting electronic payment gateways. These efforts have shown highly positive results. The total e-collection of the ministries, authorities and federal government entities crossed Dh 8.2 billion for 36.14 million government transactions last year," Al Yateem added.
In partnership with the National Bank of Abu Dhabi, the e-Dirham system has been in existence for 15 years now and its second generation (G2) services started in 2011. The e-Dirham user base and number of payment transactions have expanded rapidly over the years. Offerings have included 'Al Haslah' prepaid cards, e-wallet, point-of-sale transactions, and e-Dirham self-service kiosks.
This year, MoF has started a media campaign to promote the brand and bring its many advantages to the notice of more potential customers. The campaign raises awareness not only on e-Dirham as a smart and secure substitute for cash, but also on the digitisation of financial transactions for public services.
Saif Ali Al Shehhi, senior managing director, UAE Government and VVIP Clients, National Bank of Abu Dhabi, said: "The figures on e-Dirham usage for the first quarter of 2016 reflect the success of the system, which is being patronised by more clients. That trend is gaining ground day by day because of the system's convenience, efficiency, and its latest payment technologies. Since the G2 launch, 110 million e-services worth nearly Dh24 billion have been transacted through e-Dirham."
"e-Dirham minimises people's reliance on cash and increases their control over expenses. This could also mean efficiency of revenue collection for companies," Al Shehhi added. - business@khaleejtimes.com
Extreme heat has blasted Asia from India to the Philippines in recent weeks, triggering heatstroke deaths, school closures and desperate prayers for cooling rain
asia2 hours ago
Special attention is directed towards controlling mosquitoes in stagnant water, ministry says
uae3 hours ago
That's why we have the CAA (Citizenship Amendment Act), which is to open up doors for people who are in trouble, Subrahmanyam Jaishankar said
asia3 hours ago
King Abdullah II last visited the White House in February when he called for an immediate ceasefire
mena4 hours ago
Fujairah Airport earlier said it would connect the emirate to 18 new destinations
aviation5 hours ago
They were chauffeured in Ferrari and Bentley cars and got to dance to their heart's content in a private yacht party
uae5 hours ago
The country is prone to landslides during the rainy season, with the problem aggravated in some places by deforestation
asia5 hours ago
Foreign mediators have been waiting for Hamas' response to a proposal to halt the fighting for 40 days
mena6 hours ago