UAE introduces new e-Dirham system
Abu Dhabi, February 26, 2013
The UAE Ministry of Finance said starting from tomorrow (February 27), the first generation of e-Dirham system will stand suspended and all data and calculations will be transferred to the second generation system (G2).
The e-Dirham G2 is a system with multiple benefits that offers unique services in the areas of revenue collection and payment of fees via the Internet.
It also encourages the use of virtual money and e-transfers in order to reduce the security concerns relating to carrying cash, timely transaction routines and efforts needed for protection, audit, and classification.
Announcing the launch on Tuesday, the ministry called upon all its partners and clients to utilise the new system, where it will enable all federal and local bodies that will adopt it to complete all necessary requirements and procedures in addition to providing e-systems that allow them to benefit from its services.
Younis Haji Al Khouri, the undersecretary of the Ministry of Finance said the G2 e- Dirham was considered a quick and safe method to collect revenues as well as for paying government service fees for federal and local entities.
"It indirectly contributes to a rational use of the financial resources and to the promotion of a sustainable and balanced development in the UAE," he stated.
"Since the launch of the first generation of e-Dirham system, the ministry was committed to further develop and modernise the systems used through implementing them in large number of ministries and authorities as well as governmental and non-governmental organisations in order to take advantage of the new mechanisms and safer means for the completion of collection processes," he added.-TradeArabia News Service
UAE | finance | E-Dirham |