# Visa has appointed Emirates NBD as its National Net Settlement Service agent.

*fintech · news · 2026-05-04 · The Economic Times*

## Key points

- Visa has appointed Emirates NBD as its National Net Settlement Service agent in the UAE.
- Domestic Visa card transactions in the UAE will now settle locally in dirhams, reducing processing time.
- The new local settlement system reduces reliance on international payment networks for everyday transactions.
- Settling transactions locally may help UAE banks avoid international processing and currency conversion fees.
- Businesses in UAE, especially e-commerce, will benefit from faster access to funds due to quicker settlement.

**Companies:** Visa, Emirates NBD
**Countries:** UAE

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/nri/invest/uae-visa-card-payments-to-get-faster-and-more-reliable/articleshow/130753292.cms)

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