Cashless transactions across Dubai will soon be a reality

Gulf Today, Staff Reporter

The Government of Dubai has launched an initiative to create cashless platforms across all sectors.

The move is in line with the directives of the UAE’s leadership and the objectives of the UAE Centennial 2071 plan.

For this purpose the Dubai Government has formed the "Cashless Dubai Working Group" which will prepare an action plan to successfully make all payments cashless across the Emirate.

The Group has been assigned with the task of launching a series of ambitious initiatives targeting all segments of the community to create the infrastructure and favourable conditions for the transition towards a cashless society.

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.

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 the emirate’s full digital transition and make Dubai the world’s smartest and happiest city.

To design the framework and develop the report, Smart Dubai reviewed the global policy and regulatory references from all around the world, piecing together the most suitable governance structure necessary for the transition in the emirate.