Facilitating digital payments

The-Oath-Dec-Jan-2021-The-Bench-Stored-Value-Facilities-Regulations

As the use and scope of digital payments continues to grow exponentially in the Middle East, regulators have the unenviable task of trying to keep up. Joby Beretta, founder of The Bench takes a look at the latest regulations issued by the UAE Central Bank. BACKGROUND Last month the UAE Central Bank[1] (Central Bank)’s new Stored Value Facilities (SVF) Regulations...
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