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Dubai moves towards becoming a cashless society

 

DUBAI – The Dubai Government has formed the “Cashless Dubai Working Group” as part of plans to move to cashless payments in the emirate.

The initiative brings together Smart Dubai, Dubai’s Department of Finance (DoF), the Supreme Legislation Committee, Dubai Economy, Dubai Police, Dubai Economic Security Centre, Dubai Chamber, and Dubai Tourism and Commerce Marketing to drive a secure and seamless transition towards a cashless society in the emirate.

The group will launch a series of initiatives to create the infrastructure for the transition towards a cashless society.

Sami Al Qamzi, Director-General of Dubai Economy, said the Government of Dubai is “keen to accelerate the growth of the cashless economy”.

At its inaugural meeting, the Working Group launched the “Dubai Cashless Framework Report”, developed by Smart Dubai and the Dubai Department of Finance (DoF).

The report is part of the Working Group’s efforts to support Dubai’s full digital transition and make it the world’s smartest and happiest city.

“This initiative, the first of its kind in the Middle East and North Africa region, reinforces Dubai’s leadership in the regional financial sector,” said Abdulrahman Saleh Al Saleh, Director-General of DoF.

“DoF plays a vital role in this planned strategic shift to a cashless Dubai by allocating the necessary budget for the project, providing consultations in financial affairs and coordinating with relevant financial authorities,” Al Saleh said. ICA/WAM/Expat Media


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