Abhishek012
TF Pioneer
UAE launch India's UPI like Instant Payment System "Aani"
UAE Central Bank Launches Instant Payment Platform Aani
The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform.
Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE, Aani is a key initiative under the CBUAE’s Financial Infrastructure Transformation (FIT) program, according to a Sunday (Oct. 16) press release. This platform is designed to provide seamless, secure and instant digital payment solutions, aligning with the UAE’s vision of becoming a global digital payment hub.
Aani offers licensed financial institutions (LFIs) and payment service providers the opportunity to provide their customers with an exceptional user experience. The platform caters to consumers, businesses, corporates and government entities, allowing them to process transactions instantly and securely, 24/7.
Aani will roll out a range of convenient features, including instant money transfers using only the recipient’s phone number. It also streamlines payment experiences through functions like “Request Money” and “Split Bills,” while supporting QR codes for cashless payments at merchants. In the future, the AEP plans to introduce real-time direct debit and e-checks.
The launch of Aani involves the participation of eight licensed financial institutions, including Abu Dhabi Commercial Bank, Al Fardan Exchange, Emirates NBD, Finance House, First Abu Dhabi Bank, Habib Bank AG Zurich, Mashreq Bank and National Bank of Fujairah. AEP aims to onboard the remaining LFIs by the end of 2024.
Aani can be accessed through the existing channels of the participating LFIs or through AEP’s Aani mobile app. AEP has also collaborated with Magnati, Mashreq/Neo Pay, and Network International to enable Aani QR-based payments with merchants. This collaboration aims to onboard tens of thousands of merchants in the coming months through licensed merchant acquirers and other partners.
Saif Humaid Al Dhaheri, chairman of AEP, highlighted that the launch of Aani reflects their commitment to digitizing the economy and advancing the financial sector. Al Dhaheri said that Aani is not just a payment platform; it serves as a catalyst for economic growth, innovation, and financial inclusion. He further expressed their dedication to fostering an ecosystem that encourages innovation, competition, and growth, benefiting the entire financial system.
The launch of Aani comes after a March unveiling of UAE’s direct debit marketplace, which allows consumers and merchants to make recurring payments digitally.
Experience the future of effortless payments
To transfer funds through Aani you need to register first
• Open the Finance House app/Bank app and click on Aani icon
• Fill in your username and mobile number
• Select a default account and click on the next arrow
• Your registration is successful and now you can transfer funds to
• any bank account in the UAE instantly
To start the process
Click on Instant Fund Transfer Funds transfer made easy through the Finance House app/Bank app powered by Aani.
Aani empowering instant payments.
Frequently asked questions (FAQ):
What is Aani?
Aani is an instant payment platform which allows digital payments to be executed instantly to anyone on a 24x7 basis.
What are the advantages of Aani?
You can instantly send money to anyone’s bank account in the UAE using their mobile number only in less than 10 seconds.
Can I register to Aani without mapping the mobile number to account?
No, Aani transfer will work only when the mobile number registered accounts are linked.
What are the key services offered by Aani to individual customers?
The key services offered by Aani are
The transfers done via Aani will be processed within 10 seconds.
UAE Central Bank Launches Instant Payment Platform Aani
The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform.
Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE, Aani is a key initiative under the CBUAE’s Financial Infrastructure Transformation (FIT) program, according to a Sunday (Oct. 16) press release. This platform is designed to provide seamless, secure and instant digital payment solutions, aligning with the UAE’s vision of becoming a global digital payment hub.
Aani offers licensed financial institutions (LFIs) and payment service providers the opportunity to provide their customers with an exceptional user experience. The platform caters to consumers, businesses, corporates and government entities, allowing them to process transactions instantly and securely, 24/7.
Aani will roll out a range of convenient features, including instant money transfers using only the recipient’s phone number. It also streamlines payment experiences through functions like “Request Money” and “Split Bills,” while supporting QR codes for cashless payments at merchants. In the future, the AEP plans to introduce real-time direct debit and e-checks.
The launch of Aani involves the participation of eight licensed financial institutions, including Abu Dhabi Commercial Bank, Al Fardan Exchange, Emirates NBD, Finance House, First Abu Dhabi Bank, Habib Bank AG Zurich, Mashreq Bank and National Bank of Fujairah. AEP aims to onboard the remaining LFIs by the end of 2024.
Aani can be accessed through the existing channels of the participating LFIs or through AEP’s Aani mobile app. AEP has also collaborated with Magnati, Mashreq/Neo Pay, and Network International to enable Aani QR-based payments with merchants. This collaboration aims to onboard tens of thousands of merchants in the coming months through licensed merchant acquirers and other partners.
Saif Humaid Al Dhaheri, chairman of AEP, highlighted that the launch of Aani reflects their commitment to digitizing the economy and advancing the financial sector. Al Dhaheri said that Aani is not just a payment platform; it serves as a catalyst for economic growth, innovation, and financial inclusion. He further expressed their dedication to fostering an ecosystem that encourages innovation, competition, and growth, benefiting the entire financial system.
The launch of Aani comes after a March unveiling of UAE’s direct debit marketplace, which allows consumers and merchants to make recurring payments digitally.
Experience the future of effortless payments
- Move money within seconds
- No IBAN or account numbers needed
- Mobile number based
- Instant payment up to AED 50,000*
- Accessible 24x7x365
- Zero charges, completely free
To transfer funds through Aani you need to register first
• Open the Finance House app/Bank app and click on Aani icon
• Fill in your username and mobile number
• Select a default account and click on the next arrow
• Your registration is successful and now you can transfer funds to
• any bank account in the UAE instantly
To start the process
Click on Instant Fund Transfer Funds transfer made easy through the Finance House app/Bank app powered by Aani.
Aani empowering instant payments.
Frequently asked questions (FAQ):
What is Aani?
Aani is an instant payment platform which allows digital payments to be executed instantly to anyone on a 24x7 basis.
What are the advantages of Aani?
You can instantly send money to anyone’s bank account in the UAE using their mobile number only in less than 10 seconds.
Can I register to Aani without mapping the mobile number to account?
No, Aani transfer will work only when the mobile number registered accounts are linked.
What are the key services offered by Aani to individual customers?
The key services offered by Aani are
- Fund transfer using the mobile number
- QR-code based merchant payments. (coming soon)
- Request to pay. (coming soon)
- Electronic direct debit authorization. (coming soon)
- Instant direct debit payments. (coming soon)
- E/digitized cheque, that can be issued, cleared, and settled instantly. (coming soon)
The transfers done via Aani will be processed within 10 seconds.
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