Today, the country's non-oil sector accounts for about 74 per cent of the total GDP
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According to the CEO of UAEmall.com, Mohamed Seddiq Almutawa, the step has been taken in order to simplify and streamline customer experience. "By introducing a virtual payment system, we have been able to fully automate the buying process, thereby eliminating the need for customers to speak to UAEmall.com representatives. This has allowed us to offer a true round-the-clock service," he explained.
In the past customers of UAEmall.com would have to place their orders with a customer service operator. Payment would be made in the form of cash on delivery. "Such a payment model is cumbersome, time consuming and ultimately in-efficient. It made sense to completely e-enable the UAEmall.com," said Almutawa.
The new system allows UAEmall.com customers to pay for goods listed on the site using their credit cards. Commenting on the security aspect Ahmad Abdulkarim Julfar, General Manager of Comtrust, said, "The e-payment solution is completely compliant with the new global standards laid down by Visa and MasterCard.
It is an extremely safe and secure process." Comtrust says similar checks and balances found in ATM transactions are replicated in the new standards. When ever a payment is made on UAEmall.com an automatic request for the authentication of the card and cardholder will be made to the bank that issued the card.
With the merchant having made such a request, responsibility for ensuring the authenticity of the transaction resides with the bank. This way both the merchant, in this case UAEmall.com, and the customer are protected.
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