HE Saeed RashidAl Yateem,Assistant Undersecretary of Resources and Budget Affairs at MoF
In line with its ongoing efforts to develop and modernise its smart systems and applications specialised in the management of government resources, the Ministry of Finance (MoF), in collaboration with the National Bank of Abu Dhabi (NBAD), will be launching a range of e-Dirham smart applications during GITEX Technology Week 2014, which is taking place at the Dubai International Convention and Exhibition Centre from 12 - 16 October, 2014.
During Gitex, MoF will be showcasing its new e-Dirham applications at the Federal e-Government stand, including the mobile payment solution, e-wallet, mobile software applications, e-kiosks, e-Dirham cards, e-coupons as well as other services such as transfer and direct debt from bank accounts.
Commenting on MoF’s presence at GITEX, HE Saeed RashidAl Yateem,Assistant Undersecretary of Resources and Budget Affairs at MoF said: “MoF’s participation under the federal e-government stand each year allows us to showcase a new range of electronic and technical services which have been recently modernised to suit today’s fast paced technologically-centric audience. The Ministry also aims to showcase the second generation of e-Dirham system to strengthen the process of developing government financial resources.”
HE added: “GITEX represents an interactive platform to communicate with various federal government agencies and entities, and in turn enable the Ministry to discuss ways to strengthen cooperation and coordination among them in areas of technical development. This will allow the Ministry to provide the best smart government services for auditors and the local community as well as promote sustainability and long term prosperity in the UAE with the aim of it becoming one of the best countries in the world by 2021.”
The mobile payment service is considered as a digital application tool offering e-payment services provided by ministries and public entities via mobile phones. The e-wallet is a secure method for e-payments through mobile phones as well as the internet. These smart applications offered to pay off services from ministries and entities electronically allows users to complete their payments through mobile phones and text messages.
Abdulla Al Otaiba, Senior Managing Director of Retail & Commercial – Gulf at NBAD said: “NBAD is committed to delivering increased efficiency and convenience to shoppers, service-providers and merchants, and to promote the goal of Smart Government throughout the country.”
He also added: “The prestigious GITEX, with its huge appeal to technology enthusiasts from across the region and beyond, is an excellent venue to showcase our latest and most advanced technologies when it comes to payment. I am very confident that they will startle and impress the attendees, and, as a result, help promote our common goal of ‘smart payment.”
The e-kiosks service offers e-dirham cards for financial allocations and the implementation of service payment processes. In addition, the transfer and direct debt from bank accounts services allows customers to settle services by direct transfer from a bank account to a biller. The e-voucher service replaces the use of paper and plastic cards whereby distributors will offer e-vouchers with a specific amount of money for a limited amount of time.
The number of e-services made during the period of 1st January to 30th September 2014 amounted to 17,336,693 via 8,181,259 e-receipts done through Point of Sale (POS) devices, which brings the total revenue collected to AED3,642,540,513. The total number of e-services through Web reached 5,046,193 via 3,271,589 e-receipts, with a total revenue of AED 1,524,329,419.
The grand total of e-services was 22,383,886 via 11,452,848 e-receipts through POS and Web, to result in total revenues of AED 5,166,869,932 for the same period.