Arab Banks DG Praises Jioon System
The article discusses the role of "Jioan" cards issued by the Union Payments Company in promoting financial inclusion and supporting economic growth in the UAE. These cards facilitate payment and settlement operations within the country, enhancing data sovereignty and increasing information security. They also support the development of digital financial infrastructure and expand electronic payment options. This initiative is part of the Digital Financial Infrastructure Development Program called "FIT," launched by the Central Bank of the UAE in February 2023. The program aims to modernize payment systems, improve cybersecurity, and foster financial innovation, aligning with the UAE's strategic vision to become a leading financial hub by 2031.
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