Al Etihad Payments (AEP), a unit of the Central Bank of the UAE (CBUAE), has partnered with NPCI International Payments (NIPL) to advance the development of the country’s first national domestic card scheme.
The UAE central bank’s launch of Al Etihad Payments is aimed at implementing an innovative, interoperable, and enabling payments infrastructure as part of the apex lender’s Financial Infrastructure Transformation (FIT) programme that was unveiled earlier in 2023.
Source: Arabyia Capital
