GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Abu Dhabi, UAE – 6th of February 2018:   The Central Bank of the United Arab Emirates launched an initiative to develop a National Payment Systems Strategy for the U.A.E. The initiative aims to position the U.A.E. at the forefront of innovation and establish a world-class payment system to enable safe, efficient and customer-centric domestic and cross-border payments. This initiative will enable the U.A.E. in transitioning to a cashless society, reducing the cost of domestic and cross-border payments, promoting innovation and positioning the country as a global leader in payment systems in line with the U.A.E. Vision 2021.

H.E. Mubarak Rashed Al Mansoori, Governor of the Central Bank of the UAE, said “In recent years, countries across the world have harnessed technology to accelerate economic development and transform their economies. In the context of the UAE, we believe that the empowerment and enablement of customer-centric payments will serve to drive the overall competitiveness level of the UAE economy and benefit the public and private ecosystem, while supporting the UAE smart government agenda. This will result in benefiting from higher quality services at a competitive cost, in addition to reduced transaction fees, greater levels of efficiency, improved collection cycles, and more innovative payment channels.”

In its role as the custodian of the major payment systems, and given the strategic importance of this initiative, the Central Bank will own and lead the delivery of the National Payment Systems Strategy. Under this strategy, a number of key objectives will be achieved among which, ensuring the payment systems are interoperable and well regulated, and implementing the enabling environment to support the transformation of the U.A.E. to a cashless society on the long run. 

In the context of its continuous support to the U.A.E. Government's strategic agenda, the Central Bank, as part of this initiative, will consult and collaborate with the relevant stakeholders from the federal and local governments, other regulatory entities, financial and non-financial institutions, telecommunications companies, industry and other entities. 



Posted by : GoDubai Editorial Team
Viewed 10010 times
Posted on : Tuesday, February 6, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Central Bank Hosts first meeting of the new Higher Shari'a Authority
Next Story : Central Bank of the UAE Participates in Tawdheef 2018
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
Three Trends to Try with Palladio Beauty
Care for your baby's sensitive skin with Corine de Farme
Do Explore More with Pandora
Ramadan-Inspired Sandro SS18 Pieces
Caudalie The Cleansing Collection
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Marchon Eyewear New Collections
MAC - Prep + Prime Fix +
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Glambeaute.com's Special Ramadan Beauty Packs
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
1st Edition of Cannes International Film Festival From May 8 to 19, 2018
Pick what suits you from essence Spring/Summer 2018 nail polish collection
White Man & Woman Focuses on Innovation and Sustainability With Patagonia at Whi...
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Breitling's Navitimer 8 Collection Arrives in The Middle East
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Make Ramadan Better With the Gift of Sharing
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Facebook Launches Youth Portal, a Central Place for Teens
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Get Your Nails Summer Ready with FC Beauty
du Helps You Stay Connected this Ramadan with Exclusive Offers Throughout the Ho...
HP and DiSTI Join Forces to Reinvent Enterprise Training Using Virtual Reality
Global Rollout of LGG7 Thinq Gets Underway
Iftar at Roda Al Murooj
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Revel in the all-new Mango Memory Menu – a summer treat by Moombai & Co
Dubai Festival City is the place to be this Ramadan
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Panasonic Continues to Raise the Bar for Excellent Customer Service
Emirates Post Offers Valued Discounts to Six Destinations this Ramadan
A Nose for Great Sound
OMEGA goes onshore in Newport to unveil the Volvo Ocean Race winner's watch
Word's Best Air Purifier Launched in Dubai
MINI Middle East launches partnership with ekar to provide premium cars to carsh...
Sheikh Juma launches his Asian Games preparations with NAS Run
Turkish Airlines Announced its 2018 April Passenger and Cargo Traffic Results
Lufthansa Group and Travix announce NDC partnership
Manero Flyback A Modern Take on a Retro Style
Defending champs Surprise down Raptor to reach semis
The Puppeteer Behind ‘Star Wars'