Thursday 25 April 2024
Thursday 25 April 2024
The CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme
Press Release
Tuesday 23 April 2024
Tuesday 23 April 2024
Al Etihad Payments launches Open Finance to strengthen the financial services sector in the UAE
Press Release
Monday 22 April 2024
Monday 22 April 2024
The Central Bank: banks & finance companies may defer personal and car loans installments for six months to overcome the repercussions of the weather condition
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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