Dubai: A total of one billion dirhams has been collected and more than one million transactions from the trading community have been conducted via Rosoom, the electronic payment gateway of Dubai Trade, the leading cross-border trade facilitator under Dubai World.

The milestone, which was reached recently following nearly four years since the gateway was launched, underpins the big success Rosoom enjoys with the trading community.

The highly secure, flexible and innovative payment gateway complements Dubai Trade's eServices platform, which allow importers and exporters, shipping agents, freight forwarders, customs brokers and transport companies to initiate and complete online all the procedures and processes, including payment, for the various services and facilities offered by DP World, Jafza and DMCC.

This is done via a single window which is shared between users and all concerned authorities, allowing for swift, trouble-free and cost effective operations for both clients and authorities.

Rosoom offers users multiple online payment options, covering credit, debit and prepaid cards such as eDirham, to facilitate payments in a safe and secure environment.

Dubai Trade has also integrated Rosoom with the online payment systems of several key banks internationally and locally, making it easier and more secure for trading clients of these banks to use Rosoom. These include Mashreq Bank, Emirates NBD, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic Bank, HSBC, Habib Bank and Standard Chartered.

Additionally, Dubai Trade has recently developed a highly innovative online payment solution that combines the convenience and ease of use of payment cards with higher security and real-time management of payments.

The new, customisable Rosoom Wallet, which will be launched soon, will offer managers a high degree of flexibility and security in the management and control of payments.

Jamal Majid Bin Thaniah, Chairman, Dubai Trade, said: “This is yet another milestone for both Dubai Trade and the trading community. We look forward to see the rest of the 70,000 companies involved in cross-border trading in the UAE that have not yet adopted Dubai Trade eServices to join in and reap the benefits of using Rosoom facilities. We are heading steadfast towards more milestones in future in facilitating trade and supporting UAE's economy and international status.”