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Formal Launch of Mobile Wallet in UAE, Support Acquired from all 49 Banks

On 5th June 2014, the UAE Banks Federation announced the formal launch of the implementation of the Mobile Wallet project with the blessing and support of the Central Bank. The project, first unveiled in February, has been developed by a special committee of 9 member banks under the Chairmanship of Tirad Al Mahmoud, CEO of ADIB. It works under the aegis of the UAE Banks Federation in close coordination & cooperation with the designated committee of the Central Bank.

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