1 Day
Source:
مباشر
UAE Bank Transfers Rise 25.5% in Six Months
The UAE experienced a significant increase in the value of financial transfers during the first half of 2026, amounting to approximately 14.4 trillion dirhams, reflecting a 25.5% rise compared to the same period last year, which recorded around 11.47 trillion dirhams. These transfers were primarily conducted through the UAE Financial Transfers System, with a total of 8.83 trillion dirhams between banks and 5.54 trillion dirhams between customers. In June alone, transfers reached 2.87 trillion dirhams, marking an increase compared to May. Additionally, payment activity has shifted towards digital channels, with a decline in the number of cleared checks, which totaled 664.36 billion dirhams in the first half, down from 711.19 billion dirhams a year earlier. These figures underscore the ongoing transition of the country's banking settlement systems toward digitalization.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)