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2026-07-27T16:13:51.000Z

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Aden News - Unified Money Network Review

Aden News - Unified Money Network Review

The article focused on the extraordinary general assembly meeting of the Unified Funds Network Company (UFC) in Aden, chaired by the Governor of the Central Bank of Yemen, Ahmed Ghalib. During the meeting, he emphasized that the company forms a fundamental pillar for developing the national payment system, enhancing financial inclusion, and supporting digital transformation in Yemen. These efforts aim to improve the efficiency of financial services and achieve financial stability. The procedures for increasing the company's capital, amendments to its bylaws, and the election of a new board of directors consisting of nine members were reviewed to ensure the sustainability and development of its services. This comes as part of the bank's efforts to strengthen the national payments infrastructure and achieve greater efficiency in the payment and settlement systems, thereby supporting the national economy and enhancing confidence in the banking sector.

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