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 Easy payment system introduced for SAIF ZONE investors

20/01/2015

​With its aim of facilitating ease of doing business for its investors and well known as a symbol of efficient operations, the Sharjah Airport International Free Zone (SAIF ZONE) has introduced a new cash payment option that allows its investors to settle their invoices through the UAE Exchange branches in the UAE.

"We always strive to provide the best services for our investors and now we have collaborated with the UAE Exchange for the same," said Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone (SAIF ZONE) and Hamriyah Free Zone Authority (HFZA), after signing the contract with UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand.

"This initiative is in line with our goals for the year of 2015 to provide better and faster facilities and is one of the many other services that we are developing to achieve total efficiency," Al Mazrouei added.

"This collaboration will provide an added service to our investors for settlement of their payments on a day-to-day basis with minimum effort and maximum savings in time," said Muhannad Obaid Rashid Buafra, Finance Director of SAIF ZONE.

Varghese Mathew, Country Head of UAE Exchange, who signed the contract on behalf of his firm, commented: "We are glad to join hands with SAIF ZONE for corporate bill payments, wherein all the corporate entities belonging to this zone can pay towards their SAIF ZONE invoices, conveniently at any of the over 135 branches of UAE Exchange, spread across the UAE."

"UAE Exchange has always explored opportunities to bring value to its corporate customers in SAIF Zone and we are sure that this partnership will bring more convenience to the doors of the corporate world," Varghese Mathew concluded.

The payments will be integrated to the investors' account with SAIF ZONE the following day. There will be a service charge for this facility.

To avail the service, the investors will have to do a one-time registration with UAE Exchange with their trade license issued from SAIF ZONE along with the owner's identity proof as per the Central Bank rule, after which the investors can use this service from UAE Exchange branches.