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Emirates Bank provides online payment facility for Amlaaki

Emirates Bank, one of the leading innovators in the UAE banking sector of enhanced banking services through creative and customer friendly concepts, today announced a strategic alliance with Amlaaki.

  • United Arab Emirates: Tuesday, September 07 - 2004 at 12:53
  • PRESS RELEASE


Left to right: Mr. Mohammed Mahfooz CEO Amlaaki and Mr. Mohammed Al Jallaf Senior Manager-Electronic Banking.
Left to right: Mr. Mohammed Mahfooz CEO Amlaaki and Mr. Mohammed Al Jallaf Senior Manager-Electronic Banking.


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EB's Payment Gateway, the virtual POS machine, provides Visa, MasterCard and Diners cards processing facilities online. This will allow Amlaaki's prospective clients to perform payments online for Real Estate Management software packages and IT service through Emirates Bank's Payment gateway solution.

On the occasion Mohammed Al Jallaf, Senior Manager Electronic Banking Services at Emirates Bank said, 'We are pleased that Amlaaki is among our significant merchants and also among the leading technology providers of the UAE. Their specialisation in the field of Real Estate Management software brings a new business concept'

Mohammed Mahfooz, CEO Amlaki explains the strategy 'at first the online payment will serve the purpose of purchasing software and IT services easily through our website, but in the very near future our clients, the real estate companies, will be able to capitalise on this alliance by providing secure online payment services to their own customers without the need for an IT infrastructure, thus providing an added value service to their customers'

Amlaaki operates an online real estate software solution that enables real estate industry professionals to manage businesses and to access and gain critical information. Such an offering aims to ease the burden of internal technology requirements of real estate companies, in an efficient, cost effective manner, thus allowing management to concentrate on core business issues.

Currently, Amlaki's customers include big names in the real estate industry such as Bin Lahej Real Estate, Nasser Bin Abullatif Alserkal Est., Al-Khayyat Real Estate, Jumeirah Beach Residence, Abdullah Al Hashemi Real Estate and Emirates Trading House among many others.

'Through these kind of partnerships we hope to enhance the financial edge of other national organizations and expect them to benefit from our high tech e-commerce solution' concluded Mr. Al Jallaf.




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About Emirates Bank
Emirates Bank provides e-commerce solutions and other payment options for existing, upcoming and specialty markets. The Bank's e-services range from payment gateway solution, the virtual POS machine that provides Internet based credit card facilities to accept payments online to Electronic wallet services (E-wallet) the online payment mechanism that enables instantaneous direct debit from an EBG customer account to the credit of the e- merchant account. The bank's payment platform supports solutions for government entities, financial sector, real estate companies, service industries, shops online, digital entertainment services and various individual markets.

About Amlaaki:
Focusing entirely on the booming real estate sector, Amlaki's aim is to allow the various players in the industry to effectively manage their operations with today's modern management tools. From promoting vacancies and sales online, tracking prospects, managing rents, tenants and contracts, to accounting and financial reporting, to lead sharing for brokers and agents, all the way to maintenance, facilities and asset management and more, Amlaki has been committed to delivering the best practice features to the industry since 2000.
All of the components of the Amlaki product suite are delivered in an ASP model (Application Service Provider) which means it is solely available online, via the Internet and can be accessed from any computer or device in the world in the most secure manner, in the same way as any secure online banking application.
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, September 07 - 2004 at 12:53 UAE local time (GMT+4)

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