Central Banking

UAE central bank to upgrade UAESWITCH

The UAE Central Bank has announced the signing of a contract with S2 Systems to upgrade the UAESWITCH system.

S2 Systems have a regional base in Dubai and have installations in more than 60 countries, including the installation of the UAESWITCH system in 1995, according to a report in the Khaleej Times. The upgrade will change the UAESWITCH mode of operation and will add Point Of Sale (POS) services, which will enable the creation of a national POS network. The UAESWITCH will be able to provid