UAE Banks Federation
News stories featuring UAE Banks Federation:
June 16th, 2015
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.
December 9th, 2014
The UAE Banks Federation has announced the completion of the pre-implementation phase of a project to develop a mobile wallet platform that all its 51 member banks will be able to use to offer P2P, mobile payments and loyalty programs to their customers. “Participating banks will have the choice to link with this application or integrate the system with their own internet and mobile banking platforms,” the federation says.
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