National-level real-time interbank payment networks are increasingly recognized as one of the pillars of the modern economy, but the need to coordinate between banks, governments and industry means that rolling out such schemes is far from straightforward. For this reason, while pioneers such as South...
The Central Bank of the United Arab Emirates (CBUAE) has issued a new regulation to license retail payment services, part of its ongoing push to get the country ready for digital payments. As Pinsent Masons notes in its analysis, the bank published the Retail Payment...
October 17, 2023
The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform. Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE, Aani is a key initiative under the CBUAE’s Financial Infrastructure Transformation (FIT) program, according to a Sunday (Oct. 16) press release. This platform is designed to provide seamless, secure and […]
October 13, 2021
The Central Bank of the United Arab Emirates (CBUAE) has issued a new regulation to license retail payment services, part of its ongoing push to get the country ready for...
