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Payments evolution in the UAE and Middle East: Rising to real-time

With a geography straddling the East and West, the Middle East and Gulf regions have built strong links into both emerging and developed economies. Experiencing the benefits of a wide mix of global best practice, the region has become an interesting space for innovation in the advancement of domestic and regional payment systems.

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While the evolution in payment systems continues at pace across the globe, core objectives are becoming evident: to interconnect countries and regions, to adopt best practices, to set standards and to meet consumer expectations. The Middle East regions are no exception, with a focus on real-time capability, resilience and standardisation driving advancements in their payment landscape.
David Shinkins, Managing Director, Global Head of Cash Management Sales at Barclays
With new regional payment schemes emerging and existing rails being enhanced, Corporate Treasurers have a great opportunity to optimise their domestic and regional cash management practices.
Parikshit Bhattacharya, Head of Cash Management Sales Middle East at Barclays
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