UAE and Singapore Plan Digital Payment Linkage via CBDC and QR Codes
The two countries are advancing a digital payment connectivity arrangement that aims to link cross-border payments through two paths: central bank digital currency and QR codes. Specific timelines and participating institutions have not been disclosed.
The UAE and Singapore are advancing a digital payment connectivity arrangement, planning to link cross-border payments through two paths: central bank digital currency (CBDC) and QR codes. According to Khaleej Times, the cooperation focuses on making retail and cross-border payments between the two locations more direct.
The plan places CBDC and QR codes side by side as technical means: the former corresponds to digital currency settlement at the central bank level, while the latter targets everyday scan-to-pay scenarios. The report did not disclose a specific launch timeline, the list of participating institutions, or the scale of pilots.
Both countries have made moves in digital payment infrastructure in recent years. If implemented, this arrangement will involve cross-border clearing and settlement as well as compliance alignment. The plan is currently still in the planning stage, and specific implementation details await further announcement by both sides.
Source: https://news.google.com/rss/articles/CBMiowFBVV95cUxQV1l2MVhVMG1nVlk4X0pjb09icTdQcXVURkpqV0tTclFoeFFSVEQxalFTU0JCT3BzalFKSGlONkp0d2Q1Z0w2Q0h5ZmFLeWpJTjg5OUVhNkQwWTFxNUFPUFk2UTJHajd3WVVJU3ZMRE03dWpKS25OWVRCWGZRSVVWa0NKRExBWWRidUZZYlo1ZTR2QmxvY0ZVdkI4VjcxYzc2aDA00gGjAUFVX3lxTFBXWXYxWFUwbWdWWThfSmNvT2JxN1BxdVRGSmpXS1NyUWh4UVJURDFqUVNTQkJPcHNqUUpIaU42SnR3ZDVnTDZDSHlmYUt5aklOODk5RWE2RDBZMXE1QU9QWTZRMkdqN3dZVUlTdkxETTd1akpLbk5ZVEJYZlFJVVZrQ0pETEFZZGJ1RlliWjVlNHZCbG9jRlV2QjhWNzFjNzZoMDQ?oc=5
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-10-18
- Last updated
- 2026-10-18
- Content type
- Newsflash
- Source material
- View original ↗
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