The UAE launches a local payment card system and a platform for instant payments

Issuing a digital currency for the Central Bank and establishing financial cloud platforms
Accelerates the digital transformation of financial services with 9 initiatives

In line with the vision of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the United Arab Emirates, the Central Bank launched the Financial Infrastructure Transformation Program to accelerate digital transformation in the financial sector, as part of a more comprehensive strategy to become the bank The Central Bank is among the best central banks in the world.

This program aims to support the financial services sector, enhance digital transactions, and raise the UAE’s competitiveness in devoting its vision to be a financial center, a platform for digital payments, and a destination for excellence in innovation and digital transformation, by advancing innovation, Cooperation and competition in the financial sector.