Emirates NBD Bank has announced the conclusion of a strategic agreement with Partior for the exploration of participation in their platform, based on blockchain technology, for settlements and payments. The collaboration will allow the bank's clients to make payments round-the-clock and throughout the week more quickly, easily, and effectively. Through this partnership, Emirates NBD joins the Partior network, becoming the first bank in the region to conduct settlements and payments in dirhams, Saudi rials, and Indian rupees on the platform.
The bank is also considering the possibility of participating in settlements and payments in major foreign currencies, which strengthens the portfolio of innovative services and solutions offered to its clients for conducting payments in real-time. The Partior platform was launched in 2021 with the support of DBS Bank, JPMorgan, Standard Chartered, Temasek Holdings, and BIX Financial. It has played a leading role in developing a unified payment registry based on blockchain technology, which enables real-time calculations and settlements for instant liquidity acquisition with absolute transparency.
