UAE central bank issues digital-payment rules
The UAE Central Bank has issued regulations covering digital payments, following a lengthy consultation period. Four licence categories were available: retail, micropayment, non-issuing and government, with each sector subject to a "particular set of regulatory requirements" designed to "facilitate robust adoption of digital payments across the UAE in a secure manner". Governor of the Central Bank Mubarak Al Mansoori said the country wanted to position itself as a "global leader in trusted digital payments services".
UAE issues new rules for online payments

Dubai - The objective of the regulations is to facilitate 'robust adoption of digital payments across the UAE in a secure manner

By Staff Report Published: Wed 4 Jan 2017, 8:00 PM Last updated: Thu 5 Jan 2017, 4:04 PM