The UAE Central Bank said yesterday the registration of the banks and finance companies into the ‘Direct Debit System’ has been completed and all banks and finance companies are now ready to embark on ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...

The UAE’s banks are gearing up for a paperless payment system ¬- Direct Debit System (DDS) - from June 15 this year that will eliminate the extensive use of cheques as a mode of payments as the ...

THE Bangko Sentral ng Pilipinas (BSP) will roll out an interoperable auto-debit facility this year to allow bank clients to automatically pay bills even if their accounts and billers are in different ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...