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UAE and China complete first cross-border CBDC payment via mBridge, launching real-time transfers and a global prepaid card.
The UAE and China launched the mBridge platform, enabling the first cross-border CBDC payment between the two nations, with Sheikh Mansour bin Zayed Al Nahyan and China’s central bank governor Pan Gongsheng overseeing the transaction in Abu Dhabi.
The initiative marks a major step in financial cooperation, including interlinking the UAE’s instant payment system with China’s Internet Banking Payment System for real-time transfers.
A new multi-scheme prepaid card, Jaywan-UnionPay, was introduced for global use with local processing.
A Memorandum of Understanding formalized the partnership, with plans to expand mBridge in 2026.
Emiratos Árabes Unidos y China completan el primer pago transfronterizo de CBDC a través de mBridge, lanzando transferencias en tiempo real y una tarjeta prepagada global.