Dubai Govt, Mashreq Bank sign ‘payment collection’ agreement

DUBAI / WAM

Represented by the Department of Finance (DOF), and Smart Dubai Government Establishment (SDG), Dubai Government signed a partnership agreement with Mashreq Bank to collect payments made via Smart Dubai Portal. Under the agreement, Mashreq Bank is to become an acquirer of payments made with credit and debit cards issued by banks in or outside the UAE.
In the presence of Abdulrahman Saleh Al Saleh, DOF Director General and Abdul Aziz Al Ghurair, CEO of Mashreq Bank, the trilateral agreement was signed by Wessam Al Abbas Lootah, DSG Dubai Smart Government CEO, Jamal Hamed Al Marri, Executive Director of DOF’s Central Accounts Sector, and Pankaj Kundra, Head of Payments, Retail Banking Group at Mashreq Bank.
“We welcome Mashreq Bank to SDG’s smart Dubai portal as an acquirer. This is part of the close multifaceted cooperation between Dubai Government, represented by DOF and SDG, and banking and financial institutions. This step will contribute to realising the ambitions of its leadership, and to achieve the vision of Vice President, Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai the world’s happiest and smartest city,” said Al Saleh.
“The success of our smart government services is amplified by the excellence of our public- and private-sector partners,” said Wesam Lootah, CEO of the SDG.
“We are confident that our partnership with the Smart Dubai Government Establishment and the Department of Finance can ensure the growth of a smart portal that reinforces our leaders’ vision. We strongly believe that this collaboration between the private and public sector will ensure that the best possible service is delivered to customers across the UAE on the smartest payment platforms,” said Al Ghurair.