UAE executes first cross border digital currency payment with China
The UAE completed its first-ever cross-border payment to China using digital currency, executed by Sheikh Mansour through the new ‘Jisr’ platform. The two countries also linked their instant payment systems and launched the joint ‘Jaywan–UnionPay’ prepaid card. These steps, supported by a new central bank MoU, strengthen financial cooperation and modernise bilateral payment infrastructure.
The UAE completed its first-ever cross-border payment to China using digital currency, executed by Sheikh Mansour through the new ‘Jisr’ platform. The two countries also linked their instant payment systems and launched the joint ‘Jaywan–UnionPay’ prepaid card. These steps, supported by a new central bank MoU, strengthen financial cooperation and modernise bilateral payment infrastructure.
