Sharjah Department of Finance Unveils New Digital Payment Methods
The SFD has adopted an ambitious strategic plan to upgrade services.
Sharjah Finance Department (SFD) is participating in “Gitex Technology Week 2022” from Monday 10th to 14th October.
With a large attendance of institutions and local government bodies from across the emirate of Sharjah, the event provides a platform for Sharjah’s Department of Finance to launch its latest services.
As part of its relentless pursuit to improve financial services provided to government and private sector institutions and consolidate its financial leadership, the department has launched a set of new digital payment methods from its headquarters in Jinan Park, Sharjah.
This comes from SFD’s desire to actively participate in regional and international fairs highlighting the latest technologies, digital practices, procedures and smart systems related to the financial sector.
This aligns with SFD’s vision of achieving financial stability and sustainability through financial services and fostering innovation.
Huda Al Yasi, Director of the Financial System Department of the Sharjah Department of Finance, said: “The SFD is adopting an ambitious strategic plan to upgrade services and delivery channels and build a smarter, more diverse and sustainable technology ecosystem. more robust using best practices and digital. technological systems.
Huda Al Yasi added that the SFD, in cooperation with its strategic partners, has developed a set of new digital payment methods, representing support services for the smart receipt system (Tahseel) and providing means of payment and payment methods more accessible, faster and more flexible. Communication.”
“The contactless payment feature will allow customers to make quick payments using Near Field Communication (NFC) technology using the second generation collection card, without inserting the card into the card reader. .”
Huda Al Yasi continued, “The payment package using Near Field Communication (NFC) technology with a collection wristband has also been launched. This uses the digital wallet to allow customers to pay for small value transactions, ensuring a fast and convenient checkout experience.
The Sharjah Finance Department has also launched a pay-from-collect card package using the smart app “Tahseel” (SoftPOS).
Similar to the previous plans, it relies on a contactless payment system thanks to the NFC functionality available on most smartphones. After downloading the Tahseel (SoftPOS) application, mobile users can accept payment using a second generation ATM card by swiping it near a smartphone or tablet without the need to install a card reader.
Among the recently launched contactless payment systems is the payment package using near field communication (NFC) technology through the smart receipt smart application (Tahseel).
It is a contactless payment system similar to global e-wallets such as Apple Pay and Samsung Pay.
The customer can use the machine reader through the electronic wallet to perform government transactions quickly and easily without having to use the cards directly.
The SFD highlighted the need for customers to follow the steps for using smart app payment plans via NFC functionality.
To make a payment, customers need to select the feature on the app, place the phone on the auto reader and wait for the process to complete and the payment notification to appear on the Smart app.
Earlier, the board of the Sharjah Prize for Public Finance – the first of its kind in the Arab world – announced the launch of the second round of the prize, organized by the Sharjah Finance Department (SFD), in cooperation with the organization for administrative development. It comes after the award was suspended for four years due to the exceptional circumstances of COVID-19. This year’s award includes 17 different institutional and individual categories, technical and organizational entry requirements and award nomination criteria.
Salem Yousef Al Qaseer expressed his pride in launching the new round of the award, which aims to strengthen and enable the success and sustainability of the financial sector in Arab countries, by assessing the level of commitment to the standards and requirements of excellence in the financial work of government. by institutions and individuals.
He stressed that the objectives of the award are in line with the guidelines of the government of Sharjah under the leadership of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah – may God protect him – to enable and combine efforts to develop the skills, experiences, cultures and creative abilities of individuals by creating value in companies. He said this would lead to an economy that works to build an integrated nation with consciousness and knowledge to achieve sustainability and societal well-being.
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