E-payments for DED Trader Licence holder transactions

DUBAI: The Business Registration & Licensing (BRL), sector of Dubai Economy has announced it partnership with Myfatoorah to facilitate e-payments for Dubai Economy’s DED Trader Licence holder transactions.

This is in response to the increasing demand for e-payment options, and the awareness of traders to enhance their e-presence following the pandemic, as well as the continuous efforts of BRL to support Dubai’s economic sectors.

“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,” said Omar Al Mehairi, Director of Development and Follow-up Division in BRL sector.

“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 specialised in providing a wide range of e-payment solutions, we are further supporting the business community to embrace e-commerce,” added Al Mehairi.

Al Muhairi said the cooperation reiterates Dubai Economy’s interest in promoting digital payments, placing Dubai in an advanced position as a global and competitive centre for business.

“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,” said Abdullah Al Dabbous, Founder & CEO, Myfatoorah.