Emirates NBD has reported that contactless payments now make up 84 per cent of all face-to-face card payment transactions, as consumers and merchants have increasingly preferred to use touch-free technologies to stay safe.
Prominent blockchain expert Zijing (Ryan) Xu, also known as Ryan Xu vowed to introduce blockchain through a number of strategic plans in the finance sector, banking and others in the UAE and in the region.
In a tweet on Sunday, Prime Minister Imran Khan while sharing the good news from the State Bank of Pakistan said the accounts and deposits have set new records since achieving the milestone of $1b two months ago.
Sharjah Islamic Bank (SIB) opened its 35th branch on Wednesday, in Rahmania Mall, one of the newest shopping destinations in Sharjah, in an effort to reach its growing customer base and meet their needs.
Sharjah Islamic Bank (SIB) has announced the launch of its corporate digital banking services, providing an integrated banking experience characterized by speed, flexibility and security.
Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU)
The digital banking platform's primary shareholders ADQ and Alpha Dhabi, one of the fast-growing investment holding companies in the Middle East, own 65%. Additionally, Etisalat holds 25%, and the First Abu Dhabi Bank holds 10%.
The pandemic-induced circumstances have helped accelerate digital transformation in banking sector, paving the way for some other new trends having big impacts, a top bank executive told Emirates News Agency (WAM).
Through the annual report, the UAE Central Bank expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges