Dubai Commercial partners with CPMT on payment solutions
The Commercial Bank of Dubai's joining of the CBMT initiative is a strategic step to accelerate and enhance the transparency of cross-border payment settlements using Distributed Ledger Technology (DLT). This collaboration aims to connect the European CBMT ecosystem with the Europe-Gulf trade corridor, contributing to reduced settlement times and improved management of commercial payments while adhering to existing regulatory standards. The Commercial Bank of Dubai is the first bank outside Europe to participate in the initiative to develop secure and efficient digital payment settlement solutions, thereby strengthening its role in connecting businesses to global market platforms.
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