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CBUAE FIT Program

The Financial Infrastructure Transformation (FIT) Program is a nine-pillar digital transformation plan launched by the CBUAE in 2023 as part of a strategy to accelerate the digital transformation of financial services, with stated goals of driving financial inclusion, achieving a cashless society, and promoting payment innovation.

The program is part of the country’s We the UAE 2031 vision and also links to the UAE Digital Economy Strategy, which aims to double the contribution of the digital economy to non-oil GDP from 11.7% to over 20% within ten years.

It’s worth understanding what the nine pillars mean in practice. These aren’t nine policy papers.…