Dubai Creates New Initiative to Become Cashless Society

Dubai Creates New Initiative to Become 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.

The Working Group will be entrusted with a set of key objectives including the development of a roadmap for the transition towards a cashless society. The Group will launch a series of ambitious initiatives targeting all segments of the community to create the infrastructure and favourable conditions for eliminating the use of cash.

At its inaugural meeting, the Working Group launched the 'Dubai Cashless Framework Report', developed by Smart Dubai and the Dubai Department of Finance. The Report seeks to promote the use of smart payment platforms for all transactions to phase out the use of physical cash. The 'Dubai Cashless Framework Report' forms 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, in line with the directives of the UAE's leadership and the objectives of the UAE Centennial 2071 plan.

Abdulrahman Saleh Al Saleh, Director General of Dubai's DOF, affirmed the government's keenness to