Sharjah Finance Department provides an electronic payment gateway for Shurooq

Dubai: The Sharjah Finance Department (SFD) and the Sharjah Investment and Development Authority (Shurooq), recently signed a memorandum of understanding to enhance communication and joint cooperation in a bid to support Shurooq’s financial and electronic work system. As part of the agreement, Sharjah Finance Department will provide an electronic payment gateway (Tahseel) for (Shurooq), which will contribute to enhancing its investment, commercial, and tourism role in the emirate, in line with the strategic vision of digital transformation set out by the Sharjah government.

The memorandum was signed by HE Waleed Al Sayegh, Director General of SFD and HE Marwan bin Jassim Al Sarkal, Executive Chairman of Sharjah Investment and Development Authority (Shurooq), at the Sharjah Finance Department’s headquarter s, in the presence of Huda Al Yasi, Director of Financial System Department. The agreement will see both entities exchange experiences and knowledge, in a bid to build a cooperative partnership and serve society and other institutions, whilst contributing to the development of a technical system which reduces costs associated with re-engineering processes and procedures. Additionally, the agreement will benefit the organization of conferences, seminars, and forums, as well as improving technical training opportunities for the financial investment sector.