Mansour bin Zayed Initiates Direct Digital Payment, Launches UAE-China Financial Cooperation Initiatives
Abu dhabi: His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), has welcomed Pan Gongsheng, Governor of the People’s Bank of China, at Qasr Al Watan in Abu Dhabi, in the presence of Khaled Mohamed Balama, Governor of the Central Bank of the UAE. According to Emirates News Agency, H.H. Sheikh Mansour bin Zayed Al Nahyan executed the first-ever cross-border payment using central bank digital currency (CBDC) between the UAE and China through the ‘Jisr’ network.