UAE Digital Banking News – Fintech, Services & App Updates

UAE DIGITAL BANKING

UAE DIGITAL BANKING

Millions now qualify after UAE drops loan salary rule

Banks get room to set own loan rules as lower-income residents gain formal credit access

2m read

Millions more now qualify as UAE drops salary requirement for personal loans

UAE: Send money in 10 seconds using mobile numbers

Through ‘Aani’, you can send money online without using a bank account number

'Aani', an instant payments platform operated by Al Etihad Payments, a subsidiary of the Central Bank of the UAE. Picture used for illustrative purposes.

UAE shoppers to see card refusals after US ruling?

Major US Visa–Mastercard ruling can push global card costs up, with UAE shoppers at risk

Mastercard and Visa credit cards

Digital Dirham enters real use in UAE: What's next?

Government’s first Digital Dirham transaction sets stage for wider rollout across the UAE

Digital Dirham enters real use: What UAE residents should expect next

UAE makes first government deal with Digital Dirham

Move builds on cross-border payment success as UAE expands Digital Dirham adoption

UAE conducts first government transaction using Digital Dirham

'Digital Arrest' scams soar: NRIs in UAE to be worried?

Supreme Court moves to curb ‘digital arrest’ scams after flagging losses of ₹30 billion

'Digital Arrest' scams soar in India: Should NRIs in UAE be worried?

UAE to start sharing tax data on digital assets, crypto

Move aligns with global efforts by OECD to expand tax transparency to new asset classes

UAE to start global sharing tax data on digital assets, cryptocurrencies by 2028

Sharjah Islamic Bank launches SIB Pay

The platform is the first of its kind introduced by a Sharjah-based bank

Sharjah Islamic Bank (SIB)

UAE launches first retail sukuk with ADIB

Investment available via ADIB’s “Smart Sukuk” platform starting from Dh4,000

The partnership makes ADIB the first bank to offer retail access to government Sukuk via its “Smart Sukuk” platform, allowing individuals to invest starting from Dh4,000.

Mashreq posts profit of Dh6.1 billion for nine months

Results driven by higher client activity, 20% year-on-year increase in non-interest income

Mashreq posts Dh6.1 billion profit, crosses Dh300 billion in assets

DIB posts record Dh9.7b revenue as assets near Dh400b

Customer deposits surged past Dh300 billion, a 21% increase since the start of the year

DIB posts record Dh9.7 billion revenue as assets near Dh400 billion

Now pay Dubai service fees using these digital wallets

Rollout of all wallet integrations is expected to be complete by the end of 2025

Dubai expands government payment options to include global digital wallets

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