UAE introduces direct debit system for banks

... system, to start on June 15, will let customers make regular, automatic payments from their bank accounts towards mortgage loans, credit card payments and personal loan instalments, the central bank said. In the absence of such a system, post-dated ...

http://www.reuters.com/article/2013/04/09/emirates-banks-debit-idUSL5N0CW1U020130409?feedType=RSS&feedName=marketsNews