Since its establishment in 2006, and under the direct sponsorship and supervision of the Central Bank of Yemen, the efforts of 12 government and private banks have come together to develop an advanced participatory infrastructure aimed at providing interconnection services between local and international banks and financial institutions, and conducting financial clearing and settlements between the various participants under the supervision of the Central Bank of Yemen. In 2019, the company entered a new phase of development, modernizing its technological architecture and expanding its digital financial services. Through the implementation of the Instant Transfer Switch System (IPS), which is considered among the most advanced financial systems in the world, which enables the company to provide a wide range of financial services to individuals and companies, and in accordance with the latest global security and messaging standards for payment systems (ISO 20022, 8583, PCI DSS), which can be a standard integration platform locally and globally. The Yemeni Financial Services Company seeks to provide an exceptional experience, as it presents itself as a unified platform to facilitate access to financial services by activating the services of many complementary exchanges among them, such as ATMs and unified points of sale.