First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has launched the Payit Universal Account, a multi-service mobile-based account designed to expand access to essential financial services for underserved segments across the UAE. The initiative aligns with the Central Bank of the UAE’s (CBUAE) financial inclusion initiative. The Payit Universal Account has been introduced under the CBUAE’s Universal Accounts framework, enabling individuals who may not qualify for traditional banking products, including those earning up to AED 5,000, to access simple ...