Etisalat has introduced three ePayment packages for e-tailers in the Middle East.
The new packages offer nearly 50% lower transaction charges while a set number of free transactions will also be offered every month in a move to push the service to companies.
Etisalat is also expanding its ePayment services outside the UAE to target e-tailers in Saudi Arabia and Qatar.
Companies can choose from BizDirect, an online direct debit payment service, or the Basic Payment package - a combination of the Etisalat Payment Gateway (EPG) for credit card payments and BizDirect.
The third package on offer, Payment Plus Package, includes both BizDirect and EPG along with a web reconciliation/ reporting service and a web security scan.
'Our new ePayment packages will give a significant boost to eCommerce by lowering the barrier of entry for eCommerce merchants and giving them a secure and efficient ePayment capability at extremely affordable costs,' said Abdulla Hashim, VP of Enterprise Solutions at Etisalat.
The BizDirect service is being offered in the UAE through four banks -Commercial Bank of Dubai, Emirates NBD, Abu Dhabi Commercial bank and Union National Bank.
“The Etisalat payment network is now connected to 6 Acquiring banks and 4 banks on the Bizdirect platform - and the intention is to expand this network to cover all the banks in the UAE, thus creating a seamless payment network for all merchants,” Hashim added.
The Etisalat Payment Gateway processed 1.5 million transactions last year.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TECHNOLOGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TECHNOLOGY
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Abraaj Capital issue is fully subscribed
- Construction & Industry: Gulf has $1.35tn worth of building projects underway
- Politics & Economics: Gulf nations to see solid growth in 2010
- Culture & Society: First UAE arthouse cinema opens in Dubai Mall
- Banking & Finance: Dubai's Pharos launches $350m agricultural fund
