DUBAI, 19th October, 2014 (WAM) -- The Ministry of Finance, MoF, has collaborated with a number of government entities to enhance the e-Dirham system, which is an easy and safe method of electronic payment and collection of revenue for both government and non-government fees.

The Ministry has signed an agreement to integrate the e-Dirham system with the Wall Street Exchange Centre. It has also signed a separate agreement, along with the National Bank of Abu Dhabi (NBAD), with Dubai World, which will also join the e-Dirham network. In addition, the Ministry also celebrated the activation of the one millionth e-Dirham card during the recently concluded GITEX Technology Week 2014.

Both agreements stated that the two parties are to join the e-Dirham system, enabling Dubai World and the Wall Street Exchange Centre to collect service fees provided to the public, develop payment methods and discontinue manual payment and cash collection processes.

NBAD’s role is to offer Dubai World safe e-payment channels, such as POS and online collection points. Additionally, the agreement with Wall Street Exchange Centre will ensure that e-Dirham cards and re-charging services are provided at all of its branches across the U.A.E.

During GITEX, the MoF also launched an initiative with the Emirates Identity Authority (EIDA), to make Emirates ID cards an accepted e-payment method, which can be used with electronic payment devices, electronic payment gateway and payment gateway via smartphones. The initiative was launched by Younis Haji Al Khouri, Under-Secretary of the MoF and Dr. Ali Mohamed Al Khouri, Director-General of Emirates ID.