Aani, the UAE’s central bank-backed instant payments platform, has enrolled 1.5 million users and aims for broader adoption across the country. The platform allows users to send money in real-time via mobile numbers, email addresses, or QR codes, eliminating the need for traditional bank details like IBANs. Currently, Aani has 57 financial institutions and over 80,000 merchants on board.
Aani is part of the UAE’s push toward a cashless society, with a goal to make 90% of Dubai’s transactions cashless by 2026. The platform has recorded impressive growth, with a 27% month-on-month increase in transactions and a 30% rise in transaction value. It also aims to roll out features such as QR code payments for small businesses, request-to-pay functionality, and international remittances. The platform will soon include an electronic direct debit feature, further enhancing its value for both consumers and businesses.
The UAE is working towards connecting its payment systems with international platforms, such as India’s UPI, to facilitate global remittances. Additionally, the upcoming launch of the Jaywan card will support further expansion of cashless transactions in the country.
