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Saturday, November 14 - 2009

Dubai First expands payment network to over 100 locations

  • United Arab Emirates: Thursday, September 06 - 2007 at 12:15
  • PRESS RELEASE

Dubai First, the first consumer finance company from Dubai Holding, is to expand its payment network to more than 100 payment locations through an agreement with the UAE's Al Fardan Exchange, a worldwide remittance service provider.

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  • Ibrahim Al Ansari, Country Corporate Officer of Dubai First.
    Ibrahim Al Ansari, Country Corporate Officer of Dubai First.
Al Fardan Exchange has a network of 19 branches in Abu Dhabi, Al Ain, Ruwais, Dubai and Sharjah with more branches planned across the UAE and has been one of the pioneers in the UAE remittance industry since its establishment in 1971.

The tie up with Al Fardan Exchange, which adds 19 additional payment locations to Dubai First's existing network, will enable customers to make their monthly credit card repayments conveniently. For Dubai First's customers, the simple process requires the customer to present the Dubai First credit card at any of the Al Fardan Exchange branches across the UAE along with the requisite cash payment. Card members will receive a confirmation receipt, and the payment will be credited to their accounts the following working day.

Ibrahim Al Ansari, Country Corporate Officer of Dubai First, said:

"Partnering with an established and trusted exchange house, such as Al Fardan Exchange, underscores our commitment to providing convenient, safe and secure payment options to our customers. This stems from our intention to provide our customers with the utmost convenient payment locations within the vicinity of the home or work place."


Osama Hamza Al Rahma, General Manager of the Al Fardan Exchange, said: "Al Fardan Exchange always gives the highest priority to customer service by offering personalized services. We constantly seek new solutions to our customers' financial needs. Our partnership with Dubai First will provide our customers with yet another convenient service that will enable them to pay their credit card bills quickly and with confidence."

With the Al Fardan tie-up, there are now 112 payment locations including the branches of Al Ansari Exchange and the UAE Exchange, where Dubai First customers can make their repayments.

Dubai First is on track to achieve its vision of being one of the top five consumer finance players in the UAE within the next three years. Increasing payment locations for customers is of vital importance to Dubai First as it seeks to expand its credit card business.
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About Dubai First
Dubai First is a Dubai Group company. Dubai Group is the global financial investor of Dubai Holding and makes up one of its seven entities. Dubai First marks Dubai Holding's entry into the consumer finance industry.

With the acquisition of the credit cards portfolio of Dubai Bank, Dubai First has established a strong presence in the UAE market. Dubai First aims to aggressively consolidate and grow this existing sizeable and profitable credit cards portfolio. In due course, Dubai First will expand its offering to include, mortgages and other differentiated financial services.

With a clearly defined market segment and a solid strategic intent supported by a modern and reliable infrastructure, Dubai First will scale new heights in product innovation and customer service.

For further information please contact:
Natasha Sterling
JiWin
The Public Relations Subsidiary of Dubai Press Club
Dubai Media City
Tel: +971 4 3613887
Mob: +971 50 252 8014
Fax: + 971 4 3888001

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