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flag UAE and China complete first cross-border CBDC payment via mBridge, launching real-time transfers and a global prepaid card.

flag 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. flag 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. flag A new multi-scheme prepaid card, Jaywan-UnionPay, was introduced for global use with local processing. flag A Memorandum of Understanding formalized the partnership, with plans to expand mBridge in 2026.

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