Dubai Trade expands customer options as Habib Bank AG Zurich integrates its services with Rosoom platform

Seven major banks now offer direct debit facilities for supply chain companies transacting on Dubai Trade portal

Dubai, United Arab Emirates, - Tuesday, June 21st 2011 [ME NewsWire]

Dubai Trade, the premier trade facilitator under Dubai World, has added new strength to the e-services it provides to the supply chain sector on its portal www.dubaitrade.ae by adding a 7th bank to the e-payment gateway, Rosoom.

This was announced today (June 21) following the signing of a partnership agreement by Jamal Majid Bin Thaniah, Group CEO, Port & Free Zone World, and Chairman, Dubai Trade, and Arif Lakhani, Chief Executive Vice President, Habib Bank AG Zurich, in the presence of Mahmood Al Bastaki, Director, Dubai Trade, and other officials.

The agreement will allow Habib Bank AG Zurich account holders to make secure payments for all their trade transactions executed on www.dubaitrade.ae by using the bank’s direct debit facilities. Other key features available to customers on the Rosoom platform include dual sign-in, multiple payment methods and real-time tracking of their accounts.

Jamal Majid Bin Thaniah, Group CEO, Port & Free Zone World, and Chairman, Dubai Trade, said:

“Taking on the responsibility of facilitating the supply chain operations in Dubai is no small challenge. Since its inception, Dubai Trade has played this role admirably and in the process has promoted trade, the most consistent frontline driver of the local economy. We welcome Habib Bank AG Zurich to the growing family of this trade facilitator and hope Dubai Trade’s customers will benefit from this partnership.”

Mahmood Al Bastaki, Director, Dubai Trade, said:

“It is a unique honour for Dubai Trade to have Habib Bank AG Zurich as a partner as we seek to seamlessly integrate our online services, which are inspired by the goals and objectives of the Dubai Strategic Plan 2015. With the addition of a seventh major bank to our Rosoom e-payment gateway, we are confident that our vast community of customers will find their Dubai Trade experience enhanced to new levels.”

Arif Lakhani, Chief Executive Vice President, Habib Bank AG Zurich, said:

“Habib Bank AG Zurich has a long track record of serving Dubai and its trading sector. We have grown with this great nation and are proud of our presence here. Dubai Trade’s e-transaction services are a boon to local traders and we are privileged to play our role in its efforts through this partnership.”

By integrating the online services of DP World, Jafza and Dubai Multi Commodities Centre (DMCC), Dubai Trade provides importers, exporters, freight forwarders, clearing agents and hauliers a single window for all trade related transactions.

-ENDS

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