Dubai Trade, a premier cross-border trade facilitator, has partnered with Nakheel to expand its Rosoom online payment services to the leading developer's 45,000 customers.

The partnership allows Nakheel customers to use ‘Rosoom’ as a convenient, online payment system to pay service charges for owner associations, community management and club fees.

Users will be able to pay online using international or domestic major credit cards such as Master Card and Visa, said a statement from Nakheel.

Dubai Trade CEO Mahmood Al Bastaki said: "This agreement with Nakheel is a major landmark in our support of Dubai’s smart city goals. Having already achieved four million transactions and raised over Dh5 billion ($1.36 billion) through ‘Rosoom’, we believe it will add enormous value for Nakheel’s clients."

With no fraud transactions, no major complaints from users and no downtime cases, ‘Rosoom’ has proven to be the most convenient, trustworthy and reliable system of its kind.

Dubai Trade launched 'Rosoom' in mid-2008 as the electronic payment gateway to facilitate online payments and faster adoption of more than 780 e-services on its portal.

It serves as the sole online payment gateway for major entities such as DP World, Jafza, TechnoPark, Dubai Auto Zone, Jumeirah Lakes Towers and Palm District Cooling.

Users can choose from a variety of payment options such as credit cards or direct debit by providing a link to the online internet portals of major banks.

Banks currently integrated with ‘Rosoom’ include Mashreq Bank, HSBC, Habib Bank, Emirates NBD, CBD, Dubai Islamic Bank, and Standard Chartered.

Nakheel CEO Sanjay Manchanda said: "We are delighted to partner with Dubai Trade to bring this new and unique service to our customers. Rosoom will be invaluable in assisting our clients in managing their transactions more conveniently and efficiently."

"Our investors are located all around the world, and the e-payment system will be particularly beneficial to our overseas clients who now have a fast, efficient payment system at their fingertips," he added.

With Nakheel’s communities in Dubai currently covering 15,000 hectares and providing homes for 270,000 people, Dubai Trade expects this new partnership to significantly increase the amounts collected by ‘Rosoom’ confirming its presence in the UAE as a major provider of online services.-TradeArabia News Service