Dubai’s RTA to go paperless with its bank transactions

Dubai’s RTA to go paperless with its bank transactions
The UAE has been pursuing environmentally friendly strategies in recent years, even applying them to government transactions. (Shutterstock)
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Updated 10 April 2021
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Dubai’s RTA to go paperless with its bank transactions

Dubai’s RTA to go paperless with its bank transactions
  • The government entity signed a deal with Dubai’s biggest bank, Emirates NBD, to migrate its transactions online

DUBAI: Dubai’s Roads and Transport Authority (RTA) will fully digitize its bank guarantee management process, cutting its paper usage by 100 percent, it announced on Saturday.

The government entity signed a deal with Dubai’s biggest bank, Emirates NBD, to migrate its transactions online using the bank’s Smart Guarantee Trade Finance Platform.

The platform enables end-to-end paperless handling of guarantees including viewing transaction details online, and making amendments, cancelations, extensions or claims, according to a statement.

“This initiative definitely goes in line with Dubai Government’s Paperless Strategy and RTA’s commitment to provide smart services and realize its strategic goal of Smart Dubai,” Yousef Al-Ridha, RTA’s chief executive office of corporate administrative support services sector.

The UAE has been pursuing environmentally friendly strategies in recent years, even applying them to government transactions.