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Dubai Trade online gateway processes AED 1bn in payments

Rosoom payment gateway handles one billion dirhams and over one million transactions in four years

Dubai Trade online gateway processes AED 1bn in payments
Rosoom provides a range of online payment options to entities that fall under the Dubai Trade banner.

Dubai Trade has announced that more than one billion dirhams and over one million transactions, have been processed through its Rosoom payment gateway since it was launched nearly four years ago.

The Rosoom gateway delivers a range of online payment options, including credit, debit and prepaid cards such as eDirham, through a single gateway, which covers more than 800 online e-services of DP World, Economic Zones World, Dubai Customs and Dubai Multi Commodities Centre, in addition to several leading banks, all of which are integrated under the Dubai Trade umbrella.

The gateway, which is also integrated with the payment systems of several banks in the region, provides secure and flexible online payment, for importers and exporters, shipping agents, freight forwarders, customs brokers and transport companies to initiate and complete online all the procedures and processes, including payment, for the various services and facilities offered by DP World, Jafza and DMCC.

HE Jamal Majid Bin Thaniah, chairman, Dubai Trade, said: "This is yet another milestone for both Dubai Trade and the trading community. We look forward to see the rest of the 70,000 companies involved in cross-border trading in the UAE that have not yet adopted Dubai Trade eServices to join in and reap the benefits of using Rosoom facilities. We are heading steadfast towards more milestones in future in facilitating trade and supporting UAE's economy and international status."

Eng Mahmood Al Bastaki, CEO, Dubai Trade, said: "This is a great show of confidence in Dubai Trade's e-solutions by the trading community, considering that we launched Rosoom only about four years ago. The number of companies adopting Dubai Trade eServices platform has been growing steadily and the number of transactions has been almost doubling every year.

"What is remarkable about Rosoom's performance is that while digital payment systems tend to encounter occasional hitches that may delay or disrupt processes or display security gaps, the one billion dirham which involved more than one million transactions have all been successfully completed with no major complaints from users, no downtime instances and no fraud cases. Millions of dirhams pass every week through Rosoom in complete safety and security," he added.

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