Dubai Trade partners DMCC on Rosoom online payment services

This enables registered members of the commodities business leader to make use of the various transaction options available on the widely accessed platform.

Rosoom the centralized e payment gateway on www.dubaitrade.ae offers a wide range of electronic payment services for customers to make online transactions with leading commercial establishments such as DP World, Economic Zones World.

In addition to these, DMCC's registered members can now access Rosoom to top up their e-deposit. This feature will help them pay online for important services such as visit visa, employment visa, official letters and health cards.

Mahmood Al Bastaki, Director, Dubai Trade, said:

"We are pleased to have DMCC on the Rosoom. This opens a very useful service to the large number of DMCC members who are major players in Dubai's commodities business. Rosoom is one of Dubai Trade's highly successful and most popular initiatives bringing customers closer to leading entities such as the port and the free zone."

Dr. David Rutledge, Chief Executive Officer, DMCC said, "The integration with Rosoom marks a significant step towards DMCC continuous efforts in providing fast and efficient services to our customers. Today, Dubai Trade hosts over 50 DMCC counter services, providing members with a robust platform to easily perform and pay for services online. Dubai Trade's continuous growth and innovation, leaves us in no doubt, that our customers will benefit from the rich pool of features offered."

Rosoom is currently one of the most effective and popular online payment systems accessed by Dubai's trading community. This multiple transaction platform enables real-time transfer of funds from the customers' bank account to the entity's account for settling bills. This secure single-window electronic facility has been hailed by the business sector as an excellent cost-cum-time saver. Launched in March 2008, Rosoom facilitated 162,000 transactions in one year, totaling an amount of Dhs135, 000,000.

Dubai Trade's integrated electronic payment solutions cover the entire supply chain and bring together into a single community all the companies that interact with Dubai's ports, customs and the free zone for the purpose of trade.

DMCC is one of the important strategic initiatives by Dubai Government, that has been providing its registered members with a unique opportunity to trade in various kinds of metals and commodities. To achieve this, DMCC offers a wide range of benefits to bring together the precious metals, gold, diamond and precious stones industry under one roof.

It aims at attracting investors and traders along with the big players in sectors relevant to the industry such as financing, shipping, logistics services and insurance.