The UAE continues to embrace technology innovation in line with its government’s ‘Smart Dubai’ initiative to transform Dubai into the world’s smartest city. With Emirates NBD having recently launched the UAE’s first ‘digital only’ bank, digital payment systems have become a key area of focus.A new e-Payment RegulationOn 1 January 2017, the UAE Central Bank issued the Regulatory Framework For Stored Values and Electronic Payment Systems (“e-Payment Regulation”). The main objectives are facilitating the adoption…