UAE's Central Bank and Mercury join forces in a strategic collaboration to bolster the country's financial market structure and framework.
Central Bank of UAE and Mercury Unite to Transform UAE's Financial Infrastructure
In July 2025, the Central Bank of the United Arab Emirates (CBUAE) and Mercury announced the launch of a strategic joint venture named Unitey Business Services. This partnership is aimed at building a future-focused, innovative, and resilient payments infrastructure in the UAE.
The joint venture aligns the CBUAE’s strategic vision with Mercury’s expertise in payments infrastructure technology and services, establishing a robust public-private partnership. This partnership is crucial for preserving the national sovereignty over critical financial systems while advancing the modernization and operational capability of the UAE’s financial market infrastructure.
The main objectives of Unitey Business Services are to support the Financial Infrastructure Transformation (FIT) programme launched by the CBUAE, enhance the operations of the UAE’s national financial market infrastructure, and leverage Mercury’s technological expertise in payments infrastructure.
During a signing ceremony attended by several high-ranking officials, the agreement was signed by His Excellency Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE and Mr. Muzaffer Hamid, Chief Executive Officer of Mercury. Mr. Muzaffar Khokhar, Executive Chairman of Mercury, expressed his honor to partner with CBUAE in this strategic venture.
The joint venture aims to promote financial inclusion across the UAE and support the digital transformation of the UAE's financial ecosystem. It is expected to improve the reliability and robustness of the UAE’s national payment systems, strengthen partnerships between the public and private sectors, and contribute to the strategic vision of the UAE maintaining sovereignty over its financial infrastructure.
Unitey Business Services is poised to meet the highest standards in terms of efficiency, resiliency, and business continuity. By enhancing the operations of the UAE’s national financial market infrastructure, the joint venture will make financial systems and platforms more efficient, resilient, and secure. This will support the evolving financial services in the UAE and contribute to the country's leadership in financial technology and infrastructure innovation within the region.
References: [1] Central Bank of the UAE (CBUAE). (2025). Press Release: CBUAE and Mercury Announce Strategic Joint Venture. Retrieved from www.cbuae.gov.ae [2] Mercury. (2025). Press Release: Mercury and CBUAE Announce Strategic Joint Venture. Retrieved from www.mercury.com [3] Gulf News. (2025). CBUAE and Mercury Launch Strategic Joint Venture to Transform UAE's Financial Infrastructure. Retrieved from www.gulfnews.com [4] Khaleej Times. (2025). CBUAE and Mercury Partner to Enhance UAE's Financial Market Infrastructure. Retrieved from www.khaleejtimes.com [5] Arabian Business. (2025). CBUAE and Mercury Form Strategic Joint Venture to Drive UAE's Financial Transformation. Retrieved from www.arabianbusiness.com
- This strategic joint venture between the Central Bank of the United Arab Emirates (CBUAE) and Mercury, named Unitey Business Services, leverages Mercury's expertise in payments infrastructure technology and services to support the Financial Infrastructure Transformation (FIT) programme and advance the modernization of the UAE's financial market infrastructure.
- The launch of Unitey Business Services is significant for the UAE's business sector, as it will contribute to the country's leadership in financial technology and infrastructure innovation, making financial systems and platforms more efficient, resilient, and secure.
- In the realm of business news and finance, the collaboration between the CBUAE and Mercury marks a critical step towards preserving the national sovereignty over critical financial systems while promoting financial inclusion across the UAE, contributing to the digital transformation of the UAE's financial ecosystem.
