The UAE Banks Federation has announced its firm support for the successful implementation of the UAE’s m-Government initiative, announced earlier this year by His Highness Shaikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai.
The UAE Banks Federation (UBF) has formed a committee comprising representatives of Abu Dhabi Commercial Bank, Mashreq Bank, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of Abu Dhabi and Commercial Bank of Dubai to discuss and finalise the position of all UAE banks on a strategy for the effective delivery of mobile banking services.
The m-Government initiative was launched in May with a view to make a number of critical services available within the coming two years to the population of the UAE anywhere and round-the-clock via mobile phones. The initiative has been launched both to enhance the delivery of public services and to provide services in innovative ways that meet global standards.
The UAE Banks Federation has engaged in regular discussions with the UAE Central Bank and telecom companies to explore how best to implement the m-Government initiative and in particular how to ensure that financial transactions can be made securely, easily and cost effectively by customers through their mobile phones. The recommendations of the UBF Committee will be presented to the UAE Central Bank in the near future.-Wam
