The Roads and Transport Authority, RTA, in Dubai and the Emirates National Bank of Dubai, Emirates NBD, have agreed on an initiative whereby fines payable by road users to the RTA and fees of seasonal parking cards can be paid in instalments.
The payment shall be fixed on a varying time scale, depending on the amount, through credit cards with zero interest. An agreement was recently signed between the two parties to this effect.
Ahmed Al Kaabi, RTA’s Executive Director of Finance, said, "The RTA had agreed with the Emirates NBD on a plan for payment of fines and fees of seasonal parking cards, due to the RTA, through interest-free instalments over periods of three, six, nine or 12 months.
"This initiative is aimed at easing the burden on owners of vehicles in paying for their fines and fees of seasonal parking cards through offering them an extended payment period with no interest. The agreement is a further step consolidating the strategic partnership between the RTA and Emirates NBD.
"It enables bank customers to benefit from this payment plan via the Emirates NBD app on mobile phones and all points of sale of the RTA," added Al Kaabi.
Ahmed Al Marzouki, Executive Vice President and Head of Retail Distribution at Emirates NBD, said, "We are pleased to be one of the first banks teaming with the RTA in the launch of this unique initiative, which offers our clients a swift, smooth and flexible system for payment of fines and fees of seasonal parking cards.
"This brilliant initiative is driven by the bank’s commitment to its social responsibility, serving the clients of both the bank and the RTA by offering them excellent and easy payment solutions."
"As a pioneer corporate entity in delivering banking services in the UAE, the Emirates NBD is always in pursuit of innovative solutions and services that can make a big difference to people in Dubai. This strategic partnership is an important step in the right direction," Al Marzouki added.