CBUAE meets bank CEOs on strategic initiatives to enhance finance sector

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), convened with Banks Chief Executive Officers, in the presence of AbdulAziz Al-Ghurair, Chairman of the UAE Banks Federation, along with Assistant Governors and CBUAE senior officials.

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The meeting addresses key regulatory and legislative developments, as well as strategic initiatives shaping the future of the banking sector.

Participants commended the ongoing efforts to advance the financial sector, support the UAE's strategic objectives, and enhance its global competitiveness.

During the meeting, the CBUAE reviewed the implementation progress of domestic card scheme, “Jaywan”, which aims to enhance the efficiency of financial transactions by streamlining local payment processes and fostering innovation within the financial sector.

ABU DHABI

The CBUAE and banks CEO reviewed progress in reinforcing the UAE’s position as a hub for innovation and digital payments

Licensed financial institutions will offer “Jaywan" cards to customers in debit, prepaid, and credit formatseither as mono-badge cards or co-badged in partnership with international payment schemes.