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United Arab Emirates – 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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About RAKBANK
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 38 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via www.twitter.com/rakbanklive and www.facebook.com/rakbank.
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Tarek Kiwan
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