Dubai / Emirates Business
As part of its commitment to Dubaiâ€™s smart city vision, Dubai Trade, the premier cross-border trade facilitator, has partnered with Nakheel to offer its â€˜Rosoomâ€™ online payment services to the developerâ€™s 45,000 customers.
The partnership allows Nakheel customers to use â€˜Rosoomâ€™ 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.
CEO of Dubai Trade, Eng. Mahmood Al Bastaki, said: â€œThis agreement with Nakheel is a major landmark in our support of Dubaiâ€™s smart city goals. Having already achieved 4 million transactions and raised over AED 5 billion through â€˜Rosoomâ€™, we believe it will add enormous value for Nakheelâ€™s clients.â€
With no fraud transactions, no major complaints from users and no downtime cases, â€˜Rosoomâ€™ has proven to be the most convenient, trustworthy and reliable system of its kind. 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 â€˜Rosoomâ€™ include Mashreq Bank, HSBC, Habib Bank, Emirates NBD, CBD, Dubai Islamic Bank, and Standard Chartered.
Sanjay Manchanda, CEO of Nakheel, said: â€œWe are delighted to partner with Dubai Trade to bring this new and unique service to our customers. â€˜Rosoomâ€™ 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.â€
With Nakheelâ€™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 â€˜Rosoomâ€™ confirming its presence in the UAE as a major provider of online services.