Wall Street Exchange to implement new service in partnership with ENOC
Payments for over 50 bank cards can be made in ENOC, EPPCO and ZOOM outlets
Credit card holders in Dubai and Northern Emirates will soon be able to settle their card payments in over 150 petrol and Zoom outlets, making it easier to pay their bills at any time of the day.
The new service is initiated by Wall Street Exchange and the retail divison of Emirates National Oil Company (ENOC). Representing Wall Street Exchange, Sultan AlMahmoud, Chief Marketing and Support Services Officer, signed the agreement with ENOC’s Managing Director for Retail, Burhan Al Hashemi, recently at ENOC Complex in Oud Metha, Dubai.
During the first phase, any credit card holder who is registered with Wall Street Exchange will be able to make the payment at any ENOC or EPPCO petrol station as well as in Zoom outlets. Soon after, any card holder with a valid Emirates ID will be able to avail of the same service.
This facility will be useful for thousands of customers, who could pay their card bills more conveniently. “Customer convenience is the primary reason this service has been pioneered by us,” said Sultan AlMahmoud. “The service launch is a part of the company’s strategy to be a total financial solution provider. We have been functioning in the comprehensive money exchange service industry for over 30 years now, and we understand that bill payment compliance goes up significantly when there is greater ease of payment,” he added.
There are 5.9 million bank cards in circulation in the UAE and over a million of these are credit cards. The UAE is considered to be amongst the fastest growing markets in the Gulf for cashless payments. In 2014, credit card purchases grew by 50 per cent accounting to AED 109.6 billion.
The UAE is a major market for credit card users in the Gulf. Various means are in place in order for the residents to meet their payment obligations, giving them peace of mind and the right tools to avoid penalties for missed payment due dates.
“Our fuel stations are located across various areas in Dubai and the Northern Emirates, and we are always at the forefront to introduce new services that enhance customer satisfaction,” said Burhan Al Hashemi. “Value-added services such as this credit card payment facility are a part of that strategy in empowering customers to make best use of their time. Speed and convenience have always been our hallmarks,” he added.