Transactions through Instant Payment System hit AED164.7 billion in 2023: CBUAE

The Central Bank of the UAE (CBUAE) has said that its payment systems maintained operational strength in 2023. This includes the Image Cheque Clearing System (ICCS), UAE Fund Transfer System (UAEFTS), UAE Direct Debit System (UAEDDS), UAE Wages Protection System (UAEWPS), UAE Switching System (UAES