Dubai Government working on action plan for cashless society

iStock [For illustration]

The Government of Dubai is taking further steps to shift all payment transactions in the emirate to cashless platforms.

A 'Cashless Dubai Working Group' has been formed by the government to come up with a roadmap for the transition.

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 ensure a secure and seamless transition towards a cashless society in the emirate. 

The Working 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, which sheds light on factors such as governance, technology and culture, thoroughly assesses the benefits of a cashless transition for governments, businesses and individuals. 

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

The initiative is part of 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.

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