# Visa names Emirates NBD as NNSS agent in the UAE, enabling local settlement of domestic Visa card transactions in dirhams.

*fintech · news · 2026-05-04 · CNBC TV18*

## 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 be settled locally in dirhams.
- Local settlement is expected to reduce reliance on international systems and improve payment resilience.
- The NNSS framework allows UAE banks to automate and optimize local settlement obligations.

**Companies:** Visa, Emirates NBD
**Countries:** United Arab Emirates

[Read the full story on CNBC TV18](https://www.cnbctv18.com/personal-finance/your-visa-credit-card-payments-in-uae-can-now-be-settled-faster-ws-el-19897885.htm)

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