02:46
The Central Bank of China and the Central Bank of the UAE have launched the payment interconnection and JISR multilateral digital money bridge project.
PANews, November 21, news, the Governor of the People's Bank of China, Pan Gongsheng, recently attended the launch ceremony of the China-UAE Payment Cooperation Project together with the Vice President of the UAE, Mansour, and the Governor of the Central Bank, Khaled. The two sides signed a memorandum of understanding on cross-border payment connectivity, announced the interconnection of the two countries' fast payment systems, and supported online fast cross-border remittances for enterprises and individuals; witnessed the first transaction of the "UnionPay-Jaywan" dual-brand card; and officially launched the UAE multilateral digital currency bridge project JISR to promote bilateral financial cooperation and improve cross-border payment efficiency.

