🇦🇪 Pay Suppliers in United Arab Emirates
Pay UAE suppliers for commodity trading, re-exports, construction materials
T+0 (2.3s avg within Unicorn network). Save 80% vs traditional banks.
What you need to send money to United Arab Emirates
What details do I need to pay suppliers in United Arab Emirates?
To pay suppliers in United Arab Emirates you need the recipient's IBAN (International Bank Account Number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to United Arab Emirates?
Payments to United Arab Emirates settle in an average of 2.3 seconds when using local rails such as UAEFTS (UAE Funds Transfer System), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to United Arab Emirates?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 80% versus banks (e.g. £505 vs £2530 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to United Arab Emirates
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.5% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,530 | £505 |
| YOUR SAVINGS | N/A | £2,025 (80%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in United Arab Emirates
Avoid expensive SWIFT fees. We use local payment systems in United Arab Emirates for faster, cheaper settlement.
UAEFTS (UAE Funds Transfer System)
UAE domestic instant payment system
SWIFT GPI
Enhanced SWIFT with tracking, common in UAE
Who Uses This Payment Corridor
Key Industries in United Arab Emirates
- Commodity Trading
- Construction
- Oil & Gas
- Re-export Trade
- Logistics
Average Transaction: £100k-£500k
Typical Monthly Volume: £500k-£3M
Popular Supplier Types
- Commodity traders (Dubai, Abu Dhabi)
- Construction material suppliers (Jebel Ali)
- Logistics providers (Dubai)
- Re-export merchants (Sharjah, Dubai)
What You Need to Know: United Arab Emirates Payments
Regulatory Considerations
- UAE Central Bank reporting for transactions >AED 55,000
- Free zone vs mainland entity differences
- VAT (5%) documentation required
- Economic substance regulations for certain activities
Payment Tips for United Arab Emirates
- UAE is a re-export hub - use for onward shipments to Africa/Asia
- AED is pegged to USD (3.67:1) so minimal volatility
- Dubai/Abu Dhabi banks well-connected globally
- Use UAEFTS for domestic, SWIFT GPI for international
Why Choose Unicorn for United Arab Emirates Payments
Local Rails, Not SWIFT
We use UAEFTS (UAE Funds Transfer System) and other local systems in United Arab Emirates. Avoid 3-4% SWIFT fees and 2-3 day delays.
80% Lower Costs
Save £2,025 on every £100,000 payment. On £500k-£3M monthly volume, save up to £60,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for United Arab Emirates payments.
Real-Time FX Tracking
Upload supplier invoices in AED. See live P/L as GBP/AED rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in United Arab Emirates? Save 80%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to United Arab Emirates
For businesses with high annual FX volume. Not consumer transfers.