- This document provides the explanatory notes on the Purpose of Payment (PoP) codes, as provided by the Central Bank of the UAE.
- CBD will provide further updates in accordance with the instructions provided by the Central Bank of UAE.
- The usage of PoP codes is mandatory for domestic and cross border transactions (including all currencies) where both the remitting and beneficiary institution are members of UAE Funds Transfer System (UAEFTS).
- Kindly note that the failure to use/provide a valid Purpose of Payment (PoP) code will result in the automatic rejection of your payments.
