Al Etihad Payments prepares to launch new domestic card scheme in UAE this month
Network International is among the first acquirers to launch Jaywan with merchants in the UAE.
Network International is among the first acquirers to launch Jaywan with merchants in the UAE.
Aani enables transactions to be processed “instantly and securely” at any given time.
Al Etihad Payments is a wholly-owned subsidiary of the Central Bank of the UAE.
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
The UAE is aiming to become a “financial and digital payment hub”.
Led by Accenture, the consortium will build and operate the platform over the next five years.
Governor Mubarak Rashid Al Mansouri says central bank has a “five pillar” approach.
Despite some media reports it’s not a digital currency.