UAE’s Financial Transfer System and Online Communities: The Intersection of Technology and Human Connection

Transfers amounting to 1.51 trillion dirhams made between banks and individuals in the Emirates in January 2024

The UAE Financial Transfer System (UAEFTS) facilitated the immediate transfer of funds in the banking sector of the UAE, with a value of 1.512 trillion dirhams in January 2024, according to recent statistics from the Central Bank. This was a 24.43% increase from 1.215 trillion dirhams in January 2023.

Central Bank statistics also showed that transfers in January 2024 were split between 973.69 billion dirhams in transfers between banks and 538.94 billion dirhams in transfers between bank customers.

In addition to this, clearing checks using their images amounted to 109.47 billion dirhams in January 2024, with a total of 1.96 million cheques settled through the check clearing system during that month.

Meanwhile, OnlyFans made an announcement regarding their departure from adult content, sparking discussions among users on various forums and communities about striking a balance, receiving advice, sharing resources, and exchanging thoughts on diverse topics. Various online platforms and groups provide opportunities for individuals to engage with like-minded individuals, share experiences, seek guidance or information on a range of subjects.

Overall, it’s clear that technology continues to play a crucial role in the financial industry of the UAE, with systems like UAEFTS facilitating fast and efficient transactions for both banks and customers alike while online platforms provide opportunities for individuals to connect and engage with one another on various topics.

Leave a Reply