HSBC joins Dubai Trade’s e-payment gateway
Press release
Dubai Trade
Dubai Trade, the innovative online portal and trade facilitator of Dubai World, announced that HSBC Bank will join its centralised e-payment gateway Rosoom, offering the bank’s Direct Debit Services to customers using Dubai Trade.
An agreement to this effect was signed yesterday (February 6) by Mohamed Al Muallem, Senior Vice President and Managing Director, DP World UAE Region, and Board Member, Dubai Trade and Marcus Hurry, Deputy CEO, HSBC UAE, in the presence of Mahmood Al Bastaki, Director of Dubai Trade.
The partnership will enable the trade community using Dubai Trade www.dubaitrade.ae to access their HSBC accounts online and execute monetary transactions with global marine terminal operator DP World, Jafza and DMCC allowing customers access to multiple transaction methods to settle bills through the secure electronic, single window facility offered by ROSOOM. HSBC will work closely with its customers and Dubai Trade to roll out this functionality over the coming months.
Mohamed Al Muallem, Senior Vice President and Managing Director, DP World UAE Region, and Board Member, Dubai Trade said, “Through its sophisticated network customised for e-transaction, Dubai Trade has set a benchmark for technology-driven excellence in trading. The inclusion of the services of a reputed bank like HSBC will bring added value to our vast community of traders. It is such initiatives that go a long way in sharpening the competitive edge of the business sector in the UAE.”
Mahmood Al Bastaki, Director of Dubai Trade, said, “We are pleased to welcome HSBC to Dubai Trade’s expanding family of trade enablers. Since its introduction, Rosoom has become a preferred online e-payment gateway for our customers in their transactions with DP World, Jafza and DMCC. With increasing adoption of e-services by the trading community, it has become imperative for us to continuously strengthen the support structures of the portal and enhance the experience for the users of Dubai Trade.”
Marcus Hurry, Deputy CEO, HSBC UAE, said, “Trade is an important engine for growth in the UAE, and Dubai Trade continues to excel in differentiating their services through the development of innovative and practical online solutions. Our customers want reliable, secure, world class technology and we believe that this move on to the ROSOOM platform will greatly benefit them when trading with DP World, JAFZA and DMCC.”
Dubai Trade Portal www.dubaitrade.ae offers a remarkably seamless business flow and has proven to be cost effective for clients using it as the single window which integrates the online services of DP World, Economic Zones World, Dubai Customs, and Dubai Multi Commodities Center.
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Background Information
Dubai Trade
Dubai Trade is the premier trade facilitation entity that offers integrated electronic services from various trade and logistics service providers in Dubai under a single window. It underlines Dubai's position as the ideal base for trading across borders with its unique geographical location, excellent infrastructure and seamless processes across the private sector and government agencies.
HSBC
HSBC is one of the largest banking and financial services organisations in the world, with operations in 66 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
DP World
We began life as a local port operator with our first project, the development of Dubai’s Port Rashid, in 1972. Seven years later we opened Jebel Ali Port, the busiest port outside of Asia and a facility that has propelled us on our journey to becoming a leading enabler of global trade.
Jebel Ali Free Zone
We are the leading Free Zone of the region that lies at the centre of trade and is part of a unique ecosystem that offers end to end solutions and growth opportunities to businesses that operate locally and globally.
With all the right resources in one place, Jafza has the foundation for you to tap into fresh opportunities with suppliers, trade partners and logistics providers to reduce your costs and increase your profits.
Dubai Multi Commodities Centre Authority
DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.
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