Retail Payment Services and Card Schemes Regulations Marks an Innovative Era of Retail Digital Payment in the UAE

Retail Payment Services and Card Schemes Regulations Marks an Innovative Era of Retail Digital Payment in the UAE

Key Highlights RPSCS regulation came into force on 15.07.2021 Allows financial service companies and FinTech’s to participate in retail payment services Ensures greater safety during retail digital payment Includes four-category licenses with nine types of payment services The Central Bank of UAE (CBUAE), vide Circular No.15/2021 dated 06.06.2021, issued the Retail Payment Services and Card […]