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    News in brief

    UAE banks approve mobile wallet project

    News in brief

    The UAE Banks Federation, a standards body representing 50 Emirates banks, has cleared its mobile wallet project for launch and is now awaiting final approval from the nation’s central bank following a pre-implementation phase completed in December. The UBF mWallet project represents the financial component of the UAE’s Smart Government initiative and will enable banks to offer P2P, NFC mobile payments and loyalty programs to customers.

    Filed by Email Rian Boden Published • Last updated 16 June 2015, 12:50

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