Central Bank of Aden advances payment systems
The Yemeni Payments and Settlement Company was established as a strategic step to modernize the Yemeni financial sector, with the aim of building a sophisticated national infrastructure for payment and settlement systems. This initiative contributes to enhancing the efficiency of financial transactions, expanding the use of electronic payment methods, reducing costs, and improving the speed and security of financial services for individuals and institutions. Supported by funding from the World Bank and the United Nations Development Programme, the project aims to develop a reliable payments system that promotes financial stability and supports economic growth in Yemen.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)