Dubai Economy aligns with Kuwait’s MyFatoorah to improve e-payment services

Dubai Economy’s Business Registration & Licensing (BRL) sector has partnered with Kuwait-based payment solutions firm MyFatoorah to facilitate e-payments for Dubai Economy’s DED Trader Licence holder transactions.

Speaking about the BRL sector’s e-payment integration process, Mr. Omar Al Mehairi, Director of Development and Follow-up Division in the BRL sector remarked that “We have a high awareness in the UAE regarding digital payment systems and solutions developed by government entities, banks and currency exchange agencies led by high levels of smartphone penetration.”

“The use of e-payments and e-commerce transactions continues to rise, underlining the increased confidence in online payments. Through our partnership with MyFatoorah, which is specialized in providing a wide range of e-payment solutions, we are further supporting the business community to embrace e-commerce,” Mr. Al Mehairi added.

“MyFatoorah has been playing a key role in driving digital payment adoption in the region by providing convenient and easy-to-use payment link and payment gateway solutions to traders of all sizes, especially start-ups and SMEs. Our partnership with Dubai Economy will be a unique opportunity and driver to support the growth of all businesses in Dubai and across the UAE.”

MyFatoorah offers a comprehensive e-payment gateway solution with direct payment links, control panels for transactions and full support to personal and business bank accounts. DED Trader license holders can benefit from MyFatoorah services by sharing Dubai Economy’s DED Trader Licence with the team.

Dubai Economy supports DED Trader license holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets.