UAE: Central Bank Issues Retail Payment Services & Card Regulations

UAE: Central Bank Issues Retail Payment Services & Card Regulations News developments

UAE: Central Bank Issues Retail Payment Services & Card Regulations

Al Bayan, 18 July 2021: The UAE’s Central Bank has issued new retail payment service and card Regulations.

The new Regulations state providers of payment services will have to have specific licenses.

Payment service providers will be given a year to comply and receive the relevant license from the Central Bank.

For full story see: https://www.albayan.ae/economy/uae/2021-07-18-1.4209593.

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Marlé Van Sandwyk