The UAE Central Bank has issued licenses covering digital payments , following a lengthy consultation period . Four licence categories were available : retail , micropayment , non - issuing and government , with each sector subject to a " particular set of regulatory requirements " designed to " ensure robust adoption of digital payments across the UAE in a secure manner " . Governor of the Central Bank The regulations are also designed to foster financial inclusion in the UAE. Mohamed Al Mansoori said the country aims to position itself as a " global leader in providing digital payments services " .
The UAE Central Bank has issued licenses covering digital payments , following a lengthy consultation period . Four licence categories were available : retail , micropayment , non - issuing and government , with each sector subject to a " particular set of regulatory requirements " designed to " ensure robust adoption of digital payments across the UAE in a secure manner " . Governor of the Central Bank Mohamed Al Mansoori said the country aims to position itself as a " global leader in providing digital payments services " .