The UAE will begin using its first direct debit system from October 5, bringing to an end the use of post-dated cheques to guarantee loans and finances. The Central Bank of the UAE announced on ...

ABU DHABI, 6th May, 2025 (WAM) -- Khalaf Abdullah Rahma Al Hammadi, Director-General of the Abu Dhabi Pension Fund, confirmed that the Fund’s early investment in digital systems has significantly ...

09 April 2013 Dubai, United Arab Emirates: The Central Bank of UAE announced the introduction of the 'Direct Debit System' in the UAE with effect from 15th June 2013. The implementation of Direct ...

Cheque books account for over 90 percent of rental payments and most real estate purchases in Dubai. Image: Shutterstock Cheque books are the preferred choice for making rental real estate payments ...

UAE fintech offers digital payment options to allow families to budget school fees UAE families can now pay school fees and rent payments through digital direct debits after a regional fintech ...

ABTA will launch a replacement version of its Single Payment System to members later this year. The technology has been developed by Travel Ledger. The direct debit system allows fast online payments ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...