{"id":12790,"date":"2025-07-25T04:39:37","date_gmt":"2025-07-25T04:39:37","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=27038"},"modified":"2025-07-25T04:39:37","modified_gmt":"2025-07-25T04:39:37","slug":"uae-central-bank-partners-with-mercury-to-launch-unitey-for-national-payments-infrastructure-overhaul","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/uae-central-bank-partners-with-mercury-to-launch-unitey-for-national-payments-infrastructure-overhaul\/","title":{"rendered":"UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul"},"content":{"rendered":"

The Central Bank of the United Arab Emirates (CBUAE)<\/a> and Mercury, a UAE-based fintech firm specialising in payments infrastructure and services, have announced the establishment of a joint venture, Unitey Business Services.<\/p>\n

The initiative is aimed at supporting the CBUAE\u2019s Financial Infrastructure Transformation (FIT) programme by strengthening the operations of the UAE\u2019s national financial market infrastructure and enhancing efficiency, resilience and business continuity across systems and platforms.<\/p>\n

The partnership aligns the CBUAE\u2019s strategic vision with Mercury\u2019s technical expertise, forming a public-private collaboration that reinforces the central bank\u2019s commitment to maintaining national oversight of critical financial systems.<\/p>\n

Commenting on the agreement, Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the CBUAE, said:<\/p>\n

\"Ebrahim
Ebrahim Obaid Al Zaabi<\/figcaption><\/figure>\n
\n

\u201cThis joint venture reflects our ambition to build a future-focused payments infrastructure that is both innovative and resilient, and promotes financial inclusion across the UAE. Our partnership with Mercury enables us to harness global best practices and capabilities as we drive the digital transformation of the UAE\u2019s financial ecosystem.\u201d<\/p>\n<\/blockquote>\n

Muzaffar Khokhar, Executive Chairman of Mercury, added:<\/p>\n

\"Muzaffar
Muzaffar Khokhar<\/figcaption><\/figure>\n
\n

\u201cWe are honoured to partner with the Central Bank of the UAE in this strategic venture which plays a central role in advancing the vision of CBUAE\u2019s FIT programme and highlights our mutual dedication to creating a secure, inclusive and future-ready payments infrastructure for the nation.\u201d<\/p>\n<\/blockquote>\n

 <\/p>\n

 <\/p>\n

Featured image credit: CBUAE<\/a><\/em><\/p>\n

The post UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of the United Arab Emirates (CBUAE) and Mercury, a UAE-based fintech firm specialising in payments infrastructure and services, have announced the establishment of a joint venture, Unitey Business Services. The initiative is aimed at supporting the CBUAE\u2019s Financial Infrastructure Transformation (FIT) programme by strengthening the operations of the UAE\u2019s national financial market […]<\/p>\n

The post UAE Central Bank Partners with Mercury to Launch Unitey for National Payments Infrastructure Overhaul<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,278,206,328],"tags":[],"class_list":["post-12790","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-central-bank-of-the-uae-cbuae","category-dubai","category-mercury"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12790"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12790\/revisions"}],"predecessor-version":[{"id":12808,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12790\/revisions\/12808"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}