Dubai, UAE; June 11, 2013: Dubai Islamic Bank (DIB) has signed an agreement with emaratech, the leading Emarati technology and management consulting company, to facilitate electronic Direct Debit payments. Using noqodi, a payment gateway engineered and powered by emaratech, DIB customers will be able to set up Direct Debits to pay for a range of bills and services.This service is scheduled to be launched by the end of 2013.

noqodi is an efficient and comprehensive payment gateway for companies and individuals to makeonline payments. To avail the service, customers need to register at www.noqodi.com. Once registered, they will be able to make Direct Debit payments via DIB's Online Banking service to pay for government servicessuch as Emirates ID, visas and others.

Musabbah Al Qaizi, SVP-Head of Electronic Banking Services, Dubai Islamic Bank, said: "We constantly assess new technologies that enhance our customers' overall banking experience with DIB. emaratech'snoqodi payment platform is a simple and safe way for our customers to set up payments for a wide range of essential services, and adds yet another layer of functionality to our e-banking channels."   

Thani Abdulla Alzaffin, Director General and Board Member, emaratech, said: "We are proud that DIB has chosen 'noqodi' gateway to facilitate Direct Debit payments for its customers. The gateway offers customers complete security and significantly improved levels of convenience when paying their bills."

noqodi has recently been awarded the PCI Data Security Standard, the highest certificate for information security standards from the PCI Security Standards Council, which ensures cardholder and payment information is transferred safely and securely.

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About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE. DIB is a public joint stock company, and its shares are listed on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. The bank currently operates 82 branches in the UAE.

DIB has been proactive in creating partnerships and alliances at both the local and international level. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which has a network of 100 branches across 30 major cities in Pakistan. DIB has also started operations in Jordan, with the establishment of Jordan Dubai Islamic Bank.

Alongside its accomplishments as a commercial organisation, DIB has always recognised its wider role in society. The bank supports the communities in which it operates through the DIB Foundation, a non-profit social, humanitarian and charitable organisation which distributes millions of dirhams to good causes at home and abroad each year.

DIB has earned the respect of its peers around the world for many years, and its leading position has been reaffirmed by the 92 local, regional and international accolades that it has won between 2008 and 2012. DIB has won awards across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. The bank's most recent awards include being named "Best Islamic Bank, UAE" by World Finance and Banker Middle East magazines, "Best Distance Banking Service" (Electronic Banking Services) by Banker Middle East, and being named among The Banker's "Deals of the Year for 2012."

About emaratech
emaratech (emarat technology solutions), owned by the Investment Corporation of Dubai, is a technology and management consulting company that provides high end market strategies, outsourced technology and advanced business information technology solutions for both private & public sectors.

Services include system integration, applications development, business analysis & consulting, infrastructure hosting, process re-engineering, business process, consultancy, quality management, call centers, quality assurance and managed services.

emaratech delivers key organizational and business intelligence services to enable governments and institutional organizations operate efficiently and effectively, also to minimize bureaucracy, streamline costs and increase revenues through effective business solutions.

emaratech is renowned for its business domain knowledge in the areas of border access & control (electronic gates at UAE, Oman and Jordan International Airports) payment technologies (noqodi), government electronic services, security services, ERP implementation and real estate technology solutions.

For further information, please contact:
Wael M. Barghouti
Marketing & Communications Manager
emaratech
Dubai, United Arab Emirates
Mobile: +971 528 610509
Wael.barghouti@emaratech.ae 

For further information, please contact:
Liam Turner / Tameem Alkintar
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: liam.turner@bm.com / tameem.alkintar@bm.com

© Press Release 2013