"Finance" Launches payment services for "Tabby" To facilitate the payment of service fees and federal fines

Dubai, November 25 / WAM / The Ministry of Finance announced the launch of Tabby’s payment services, providing customers with the ability to pay service fees and federal fines in installments through payment channels based on the “buy now, pay later” principle.

This partnership is the first of its kind with a company specialized in financial services in the Middle East and North Africa region.

The partnership aims to facilitate the procedures for paying service fees and fines in the federal government through easy monthly installments, in line with the ministry’s directions towards improving customer experience and enhancing the efficiency of the federal financial collection system.

Under the partnership, customers with federal entities will be able to optionally benefit from installment payment options.

His Excellency Saeed Rashid Al-Yateem, Assistant Undersecretary of the Ministry of Finance for the Budget and Government Revenues Sector, confirmed that the partnership with “Tabby” comes within the efforts of the Ministry of Finance aimed at employing modern financial technologies to enhance federal revenue management, raise the level of customer satisfaction, and enable them to fulfill their financial obligations to the federal authorities in a flexible and secure manner, thus enhancing collection efficiency.

His Excellency added: “This cooperation represents a qualitative step in the framework of the continuous modernization of the payment system in the federal entities, as the federal government is keen to adopt innovative solutions and strategic partnerships that contribute to establishing an integrated and sustainable financial infrastructure,” explaining that this initiative is a qualitative step in the framework of the continuous modernization of the payment system in the federal entities.

For his part, Hossam Arab, CEO and co-founder of Tabby, said: This partnership represents a strategic milestone for the company as we continue to expand the scope of our services to include the federal government. Our mission has always been to provide customers with greater financial flexibility, and we are proud to support the Ministry of Finance in making federal services more accessible in the UAE.

This step is part of the Ministry of Finance’s efforts to expand electronic payment options, enhance financial inclusion, and support the digital transformation system in the country.

The partnership covers all federal agencies and supports the management of financial obligations with greater flexibility. It is an extension of the Ministry’s continuous approach to launching pioneering digital initiatives aimed at simplifying procedures, enhancing transparency, and linking federal agencies to one advanced platform. It contributes to enhancing the ability to manage revenues effectively and improving the link between various electronic financial services within an integrated system.

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