Dubai Islamic Bank (DIB) has entered an
agreement with the cross-border trade facilitator Dubai Trade to
use its payment gateway Rosoom.
Roosom is an online platform launched in
2008 that allows all users, from importers/exporters to private
individuals, to make national and international transactions
through a single window shared between the payers and the
payees.
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“We have worked closely with Dubai Trade to
offer our customers the Rosoom e-payment solution
and DIB customers can now conduct secure and convenient
transactions using the direct debit facility, ” said Musabbah Al
Qaizi, DIB head of electronic banking services.
Other major UAE banks, such as Mashreq
Bank, Emirates NBD, Commercial Bank of Dubai, and Emirates Islamic
Bank , and foreign ones like HSBC, Habib Bank, and Standard
Chartered are already part of the Rosoom payment network.
“This is one more step towards bringing all
stakeholders to the folds of a true virtual trading community in
the UAE that lives up to the aspirations of our leaders in placing
the country at a central position on the world’s map of
international trade,” said Mahmood Al Bastaki Dubai Trade chief
executive.
Earlier in July the platform hit a transaction
volume of AED one bn (USD272 million), with over one million
payments processed.
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