Sunday 03 March 2024
Sunday 03 March 2024
CBUAE: "FATF" Announcement of UAE Completion of the Requirements is a Testament of Concerted National Efforts to Combat Money Laundering and Terrorism Financing
Press Release
Tuesday 06 February 2024
Tuesday 06 February 2024
CBUAE revokes the licence and registration of Smart and Secure Insurance Agent
Press Release
Monday 05 February 2024
Monday 05 February 2024
CBUAE launches the fifth cohort of the Executive Certificate for Risk-Based Supervision Professionals
Press Release
Wednesday 31 January 2024
Wednesday 31 January 2024
CBUAE Maintains the Base Rate at 5.40%
Press Release
Tuesday 30 January 2024
Tuesday 30 January 2024
CBUAE imposes a financial sanction of AED 1.2 million on an insurance company operating in the UAE
Press Release
Monday 29 January 2024
Monday 29 January 2024
Mansour bin Zayed witnesses UAE Central Bank's Golden Jubilee
Press Release
Tuesday 16 January 2024
Tuesday 16 January 2024
Summary Report - Monetary Banking Developments - November 2023
Press Release
The UAE Payment Gateway System (UAEPGS)
The Central Bank of the UAE introduced the UAEPGS in 2016 to allow customers of merchants connected to the service to pay their bills online, either by direct debit (through their bank account via internet banking) or via a UAEPGS member bank debit card. In the case of direct debit, the gateway redirects the customer to their bank’s website, where the customer authenticates by using the internet banking login.
The system’s efficiency and governance are ensured by compliance with domestic and international standards, and the CBUAE’s Rules document.
Minimum UAEPGS Participation Requirements
The Applicant must:Â
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Obtain the necessary CBUAE licences and adhere to its regulatory controls
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Maintain the required account(s) with CBUAE
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Obtain CBUAE Network Access Rights and complete successfully the CBUAE Services Network Certification Process
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Obtain Application Access Rights and complete successfully the CBUAE Application Certification Process
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(for Sponsored Merchants) Fulfil all system prerequisites via a licensed commercial bank (Sponsoring Bank) in addition to any other requirements from competent UAE regulatory authorities; and
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Adhere to the “UAEPGS Rules” document
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Last updated on: Thursday 28 July 2022
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