SAIF Zone and UAE Exchange Collaborate for Convenient Payment System

Investors who have registered with the UAE Exchange will have the option of paying their invoices at over 135 branches of UAE Exchange.

Sharjah Airport International Free Zone (SAIF Zone) has launched a new cash payment system for customers to clear their invoices via the UAE exchange branches in the UAE. The new payment option is in line with the company’s goals for 2015, which is to deliver better and more efficient facilities. The initiative is part of many other service options the company is working on in order to enhance service performance.

Muhannad Obaid Rashid Buafra, Finance Director of SAIF ZONE, talks about how the collaboration will deliver investors with an additional service for the settlement of their payments on a daily schedule.

“We always strive to provide the best services for our investors and now we have collaborated with the UAE Exchange for the same,” Saud Salim Al Mazrouei, director of Sharjah Airport International Free Zone (SAIF ZONE) and Hamriyah Free Zone Authority (HFZA), said after signing the contract with UAE Exchange.

Varghese Mathew, Country Head of UAE Exchange, UAE, who signed the contract, commented on being glad about collaborating with SAIF Zone for their corporate bill payment, and told that all parties belonging to this zone will be able to pay their SAIF Zone invoices effortlessly at any of the 135 and more branches of UAE Exchange in UAE.

Varghese Mathew went on to add that UAE Exchange is always looking to add value to its corporate customers in SAIF Zone and is positive that the new partnership will enhance customer experience and increase convenience for businesses.

Investors need to simply do a onetime registration with the UAE Exchange using their trade license issued from SAIF Zone as well as their owner’s identity proof as per the Central Bank rule. Payments of the investors will be joined to their account with SAIF Zone the next day and will have to pay a service charge.