The Central Bank of the UAE introduced UAEDDS in 2012 to provide a platform for bank customers to make automatic payments to meet their liabilities in their own bank or to any other bank, other financial institutes, service providers and third parties.
It is a safe and convenient method of making payments, ideally suited for regular payments with fixed or variable amounts such as utility bills, insurance payments, mortgage or loan repayments and subscriptions.
The system’s efficiency and governance are ensured by compliance with domestic and international standards, and the CBUAE’s Rules document.
Minimum UAEDDS Participation Requirements
The Applicant must:
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Last updated on: Thursday 28 July 2022
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