UAE Marks Milestone with Its First Cross-Border Digital Currency Transfer to China

The UAE has completed its first central bank digital currency payment to China, marking a landmark advancement in global financial connectivity. The transaction, executed through the newly launched Jisr platform, reinforces growing strategic cooperation between the two nations in digital finance and payment modernisation.

Launch of the Jisr CBDC Platform

The breakthrough payment was carried out during high-level meetings in Abu Dhabi. The Jisr platform, built with participation from Emirati and Chinese banks, enables instant CBDC-based cross-border settlements. It aims to reduce transaction costs, improve security, and streamline international payment flows. More central banks are expected to join the network as it expands in 2026.

Interlinking of Instant Payment Systems

Both countries have connected their real-time payment infrastructures, enabling secure and round-the-clock cross-border transfers. The integration supports academic transactions, remittances and business payments. It is expected to enhance the efficiency and reliability of financial operations between residents, students and companies across both markets.

Launch of the Jaywan–UnionPay Prepaid Card

A new multi-scheme prepaid card was unveiled to complement the broader financial cooperation framework. Issued through a local partnership, the card offers global acceptance via a major international payment network while maintaining domestic settlement support. It strengthens payment options for residents and travellers by ensuring seamless international and local use.

Exam Oriented Facts

• The UAE completed its first CBDC cross-border transaction with China using the Jisr platform.
• Instant payment systems of both countries are now interconnected for real-time transfers.
• The Jaywan–UnionPay prepaid card provides multi-scheme global acceptance.
• A strategic MoU was signed to enhance cross-border payment cooperation.

MoU and Strategic Financial Cooperation

The central banks of both nations signed a Memorandum of Understanding to expand joint initiatives in payment technology and financial infrastructure. Leadership from both sides highlighted the strengthening strategic partnership and emphasised that the new developments will accelerate innovation, support secure transactions and elevate bilateral financial integration.