SWIFT User Group underscores role of payment development initiatives in UAE’s position as financial and trade hub

Abu Dhabi, United Arab Emirates; 14 June 2024:

The Steering Committee and National SWIFT User Group in the UAE held their regular meeting yesterday (June 13th) chaired by Mr. Jamal Saleh, Director General of UAE Banks Federation and Chairman of the SWIFT User Group steering Committee in the UAE.

The meeting approved the minutes of the previous committee meeting and reviewed the progress made in implementing the current year’s action plan and activities. They praised the efforts undertaken under the supervision of Central Bank of the UAE in keeping pace with developments in the banking and financial sector to improve payment processes and enhance the efficiency and security of the banking transfer system, solidifying the UAE’s position as a global financial and trade hub.

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