SFD introduces new digital services

May 15, 2024 / 9:30 PM
Sharjah24: The Sharjah Central Finance Department (SFD) hosted a technical workshop to explain the first phase of the Tahseel digital payment system plan, which included the debut of a digital payment service utilizing automated cheques. This service offers several benefits and services to users, including government agencies and individuals.
Representatives from Tahseel Information Technology Company and Sharjah Islamic Bank, the department's strategic partners in creating and launching the service, attended the training. 

The goal of the workshop is to present the mechanisms for implementing the digital payment service and revenue collection using automated cheques, listen to partner feedback and development proposals prior to the official launch, and exchange ideas for implementing and launching phases two and three of the initiative.

Huda Al Yassi, Director of the Financial System Department at the Sharjah Finance Department (SFD), stated that the department has made significant progress in broadening the scope of government, private, and individual beneficiaries of its leading financial services system, which includes the Tahseel platform.

She emphasised that the system strives to fulfil various goals in the financial industry, including increasing the efficiency of financial procedures and automating collection, payment, and settlement processes in a secure and reliable manner.

Mira Bin Haddah, Head of the Financial Systems and Smart Applications Department at the Central Finance Department, gave a brief overview of the Tahseel digital payment system, which provides a unified and integrated digital platform that the department uses to control fee collection processes and process immediate payments securely and easily.

According to Bin Haddah, the collecting platform's services outperformed those of other financial platforms.

36 government agencies, six corporate companies, twenty business service centres, and ten service partners use the system. The overall number of beneficiaries reached around 121 distinct entities. 

She stated that the system uses 15 payment methods and 22 payment and recharge channels, has over 600,000 registered accounts, and processes over 7 million payment transactions a year.

Mohamed Al Sayed, the department's Project Management Consultant for Systems and Information Technology Projects, demonstrated how the digital payment system, which uses automated cheques, works. He emphasised that the automated cheque payment process is subject to a stringent governance framework for cheques, customers, and companies.

The programme also taught officials from Tahseel and Sharjah Islamic Bank how to settle transactions utilising new acceptable cheques, pre-registered cheques, and transactions using unsuitable checks.
May 15, 2024 / 9:30 PM

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