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 ...

The UAE will begin using its first direct debit system from October 5, bringing to an end the use of post-dated cheques to guarantee loans and finances. The Central Bank of the UAE announced on ...

09 April 2013 Dubai, United Arab Emirates: The Central Bank of UAE announced the introduction of the 'Direct Debit System' in the UAE with effect from 15th June 2013. The implementation of Direct ...

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 ...

Cheque books account for over 90 percent of rental payments and most real estate purchases in Dubai. Image: Shutterstock Cheque books are the preferred choice for making rental real estate payments ...

UAE fintech offers digital payment options to allow families to budget school fees UAE families can now pay school fees and rent payments through digital direct debits after a regional fintech ...

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 ...