China and the United Arab Emirates have connected their national fast payment systems via a new international platform, enabling real-time cross-border payments between the two countries. The initiative utilizes the JISR/mBridge multilateral digital currency bridge, marking a significant step toward faster, more efficient settlements for businesses operating in both regions. This launch is part of a collaboration between the central banks and finance institutions of both nations, with key officials from the People’s Bank of China (PBoC), UAE Vice President Sheikh Mansour bin Zayed Al Nahyan, and the Central Bank of the UAE (CBUAE) formally activating the system at a ceremony in Abu Dhabi.