EUR
enRussia plans to launch a fast payment system in the UAE
November 14, 2023
The Bank of Russia has announced the creation of a joint payment system with the United Arab Emirates (UAE) using the digital ruble. The Russian Central Bank will work on the integration of the System of Rapid Payments (SRP), as well as settlements in digital currencies with the UAE, as announced by Olga Skorobogatova, First Deputy Chairman of the Central Bank, at the Finopolis-2023 forum. "Already in a year we will be able to build a normal settlement system between Russia and the UAE for citizens and businesses," Skorobogatova said.
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