Accenture to lead creation of UAE instant payments platform
Firm says consortium will create cloud-based system to enable 24/7 payments and transfers
Accenture has been chosen by the Central Bank of the United Arab Emirates to lead a consortium to create a national instant payments platform (IPP) by 2027.
The consulting firm said the IPP consortium also includes Italian firm SIA and the UAE’s G42 Cloud.
The IPP is the first pillar of the central bank’s national payment system strategy. Accenture promised it would deliver “real-time payments and fund transfers 24 hours a day”. The firm said the system would meet ISO 20022, the international
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