DUBAI: Digital Dubai has introduced the “Dubai Cashless Strategy” to boost secure digital payments across government and private sectors, aiming to solidify Dubai’s role as a global leader in the digital economy.
This plan aligns with the Dubai Economic Agenda (D33) and Digital Dubai’s goal of “Digitalizing Life in Dubai.” It highlights the importance of digital payments in driving growth across various economic sectors.
By 2026, the strategy targets 90 percent of all transactions to be cashless, which could increase economic growth by over AED 8 billion annually through advancements in fintech.
Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance, praised Dubai’s modern financial system and noted that 97 percent of government transactions were already digital in 2023. He emphasized that the strategy fits with Sheikh Mohammed bin Rashid Al Maktoum’s vision to enhance Dubai’s position in global business.
Helal Saeed Almarri, Director-General of Dubai Department of Economy and Tourism, added that the strategy is essential to achieving the Dubai Economic Agenda (D33) and the goal of having 90 percent of transactions digital by 2026.
Hamad Obaid Al Mansoori, Director-General of Digital Dubai, highlighted that cashless payments are a key part of daily life. The aim is to make Dubai a global digital hub and a top destination for investors.
The strategy will focus on innovations like AI-driven solutions and contactless technologies, making payments easy and secure for both customers and merchants, while gradually reducing costs.
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The fintech sector will play a major role in achieving the strategy’s goals, supporting Dubai’s status as a digital economy leader and encouraging more innovation in digital financial services.
Overall, the Dubai Cashless Strategy is designed to make digital payments easier and more secure for everyone in the city.
