The value of transfers, made in the banking sector of the country through the UAEFTS (UAE Electronic Funds Transfer System), reached 16.13 trillion dirhams during the first ten months of 2024. This value reflects the increased activity in the financial sector in the country and underscores its role in ensuring stability and effectiveness of the economy. Notably, over 11.16 million transactions were processed through UAEFTS during the specified period. It is important to note that this system plays a key role in ensuring the safety and reliability of financial transfers, contributing to the development of financial services and strengthening client trust. In addition, UAEFTS continues to enhance its operations, integrating new technologies and processes to improve effectiveness and user convenience. It should be noted that these achievements testify to the continuous growth of the financial sphere in the UAE and its ability to adapt to rapidly changing market conditions, ultimately contributing to the sustainable economic development of the country.
