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Ras Al Khaimah National Bank is working with the Department of Finance to facilitate payment and cash management solutions


Wednesday 19 September 2018

Ras Al Khaimah National Bank announced its recent partnership with the Department of Finance in the Government of Ras Al Khaimah to facilitate its requirements in cash management and payment portal solutions. The signing ceremony was attended by representatives of the Department of Finance of Ras Al Khaimah and Ras Al Khaimah National Bank, which was held on 19 September 2018 at the Bank's Operations Center in Ras Al Khaimah. The agreement was signed by H.E. Yousuf Ali Mohammed, Director General of the Department of Finance in the Government of Ras Al Khaimah and Peter England, CEO of RAK National Bank. The latter Commenting on the agreement said we are pleased to introduce a Convenient, secure and simple solution to the department of Finance of the Government of Ras Al Khaimah through all the various contact points and effective cash management solutions. Our solutions will evolve the Process of payments and collections of the Department of Finance to an electronic payment platform, which will simplify and facilitate the process of payments and collections related to all services of the Department. This partnership is in line with the bank's commitment to improving its services to the public. In addition, this platform allows liquidity management and unified treasury account solutions that are associated with the payment option (from host to host). "

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