Ras Al Khaimah establishes a digital payment system for government services

Ras Al Khaimah establishes a digital payment system for government services
Ras Al Khaimah establishes a digital payment system for government services

Abu Dhabi: «The Gulf»
The First Abu Dhabi Bank and Magnati signed a partnership agreement with the Government of Ras Al Khaimah to establish a modern digital payments system that supports the emirate’s vision of transforming into a digital economy.
The integrated “RAKPay” platform will be launched to be a qualitative leap towards developing government agencies’ revenue collection tools, through a comprehensive technical solution based on improving and simplifying the customers’ experience, as the new digital platform will add in increasing the number of payment channels and services, by accepting payment of fees of various types cards. In addition, First Abu Dhabi Bank and Magnati will provide the Government of Ras Al Khaimah with value-added services that meet the requirements of government payment systems, in support of digital economy plans, and to encourage various categories of unbanked beneficiaries to use the RAKPay platform as an alternative to payments traditional cash.
The new unified central payment platform will allow all government agencies in Ras Al Khaimah to collect payments in an easy, flexible and secure manner. In addition, the expected returns of the process of simplifying payment solutions will contribute to enabling these entities to focus on their operational activities, improve the level of providing their basic services and organize potential future returns. To accelerate the implementation of its targeted strategic plans, in line with the vision of the Emirate of Ras Al Khaimah 2030.
strong financial system
Youssef Ali Mohamed, Director General of the Department of Finance in Ras Al Khaimah, indicated that this step comes in accordance with the strategic dimensions of the emirate and the strategic recommendations of the Department of Finance to enhance balanced financial sustainability mechanisms within the framework of ensuring strategic alignment with the emirate’s vision in an optimal manner, and with the aim of strengthening the elements of corporate governance in managing public money. And reaching high levels of empowerment for a strong financial system capable of enhancing the emirate’s competitiveness towards digital transformation. He stressed the need to develop digital financial platforms that contribute to the development of the process of providing government services beyond the expectations of the beneficiary parties, and at the same time achieve a qualitative leap in collecting government revenues by employing the best available technologies and advanced technological solutions, to improve the digital payment system with various strategic partners. For the benefit of government agencies and customers alike.
unified platform
Engineer Ahmed bin Saeed Al Sayyah, Director General of the Ras Al Khaimah e-Government Authority, expressed his happiness with the efforts made by the work teams in the authorities to launch the unified, secure digital platform RAKPay for electronic payment for government agencies in the emirate, and the possibility of making one-time payments for the services of multiple parties. Through the official portal of the Government of Ras Al Khaimah, and the mRAK smart application, which ensures a smooth experience for customers, across all government channels.
The new generation of government services
Ramana Kumar, CEO of Magnati Corporation, said: “Magnati continues to establish itself in the payments technology sector; From this point of view, we are pleased to cooperate with the Government of Ras Al Khaimah to provide the new generation of smart government services that guarantee users the best elements of speed, efficiency and security. The RAKPay platform will combine the latest global digital infrastructure for payment solutions, and revenue collection technologies, to give greater impetus to the vision of digital transformation in the Emirate of Ras Al Khaimah.”
Emad Ahmed Abdel Wahab, General Manager and Head of Business Development – Government Payments Solutions at Magnati, said: “We are always keen to support our partners to take advantage of the various advantages and important features offered by modern, fast and secure payment technologies. We are confident that our partnership with the Government of Ras Al Khaimah will allow government agencies in the emirate, and its residents, to complete digital payment transactions safely and smoothly, through a highly efficient technology platform, which at the same time contributes to promoting digital transformation in all areas of life in the Emirate of Ras Al Khaimah.”

The article is in Arabic

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