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Monday 11 September 2023


Tuesday 12 December 2023

Join The COP28 UAE –TechSprint– And Drive Change

The Central Bank of the UAE, Bank for International Settlements, EIF and the COP28 UAE Presidency invite financial innovators and developers from global private and public sector entities to participate in the global initiative "COP28 UAE TechSprint". The initiative aims to promote innovation and develop technological solutions and advanced projects to expand green and sustainable financing and combat climate change.

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UAE Switching System (UAESWITCH)

The Central Bank of the UAE introduced UAESWITCH in 1996 to link the Automated Teller Machine (ATM) network of all banks in the UAE, enabling customers of different banks to use any ATM and Point of Sale (POS) facilities in the U.A.E.

The UAESWITCH provides regional and international connectivity with other similar national systems. Currently, the UAESWITCH is connected to the Gulf Cooperation Council (GCC) states, known as the GCCNet {https://www.gcc-net.net/gcc-net/Default.aspx } and  to the China Union Pay (CUP) system. Such interconnectivity allows the cardholders of these different systems to use their services interchangeably.

 

The efficiency and governance of the system are ensured by compliance with domestic and international standards, and the CBUAE’s Rules document.

Minimum UAESWITCH Participation Requirements

The Applicant must: -

  • Obtain the necessary CBUAE licences and adhere to its regulatory controls

  • Maintain the required account(s) with the CBUAE

  • Obtain the CBUAE Network Access Rights and complete successfully the CBUAE Services Network Certification Process

  • Obtain the CBUAE Application Access Rights and complete successfully the CBUAE Application Certification Process; and

  • Adhere to the “UAESWITCH Rules” document.

Last updated on: Thursday 28 July 2022

Total visitors 4376