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RAKBANK Partners with Government of RAK – Finance Department to facilitate their payment and cash management solutions

RAKBANK is pleased to announce its recent partnership with the Finance Department (Government of Ras Al Khaimah) to facilitate their requirements on cash management and payment gateway solutions.

Key representatives from both the Finance Department of the RAK Government and RAKBANK attended the signing ceremony, which was held on 19th September 2018 at the Bank’s Operations Centre Building in Ras Al Khaimah. H.E. Yousef Ali Mohammed, General Manager of the RAK Government – Finance Department, and Peter England, RAKBANK’s CEO, signed the agreement.

Commenting on the signed agreement, RAKBANK’s CEO, Peter England said: “We are delighted to offer the Government of RAK – Finance Department convenient, secure, and simple payment solutions through all the different touch points and through an effective cash management solution. These solutions will transform their payments and receivable collections from paper to an electronic and seamless platform, which will in turn further enhance and streamline the payments and collections process related to all their services. The partnership is in line with the Bank’s commitment to enhance its offering to the public and increase the diversity of the services and products offered. Additionally, the platform allows for liquidity management capability and a treasury single account solution that comes with a host-to-host payment processing option.”

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