The UAE Central Bank said yesterday the registration of the banks and finance companies into the ‘Direct Debit System’ has been completed and all banks and finance companies are now ready to embark on ...

ABU DHABI, 6th May, 2025 (WAM) -- Khalaf Abdullah Rahma Al Hammadi, Director-General of the Abu Dhabi Pension Fund, confirmed that the Fund’s early investment in digital systems has significantly ...

10 April 2013UAE residents will be able to make use of Direct Debit payments to settle everything from mortgage installments to credit card bills in a matter of weeks.The news comes after it was ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...

ABTA will launch a replacement version of its Single Payment System to members later this year. The technology has been developed by Travel Ledger. The direct debit system allows fast online payments ...

SIA, the Italian leading provider of IT services and solutions for the national and international financial industry, renews its partnership with EBA Clearing for the design and development of the ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

THE Bangko Sentral ng Pilipinas (BSP) will roll out an interoperable auto-debit facility this year to allow bank clients to automatically pay bills even if their accounts and billers are in different ...