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Domestic scheme endorsed by the Central Bank of the UAE.
Reinforcing our commitment to driving digital payments innovation in Saudi Arabia.
Our solution is compatible with local payment schemes such as Jaywan in the UAE and Mada in the KSA, ensuring seamless transactions and compliance with regional financial standards.
UAE DDS facilitates direct debit payments between different banks in the UAE. If a cardholder’s debit account and credit card belong to different banks, the system ensures the minimum amount due is auto-debited from the linked savings account.
MFPD refers to the amount automatically debited from an account holder on the statement date under Murabaha finance principles. This results in an additional charge, considered as extra profit for the financial institution.