Digital Dubai has launched the “Dubai Cashless Strategy” to increase secure digital payment solutions across government and private sectors, supporting Dubai’s position as a global digital economy hub. The initiative aligns with the Dubai Economic Agenda (D33) and Digital Dubai’s goal of “Digitalizing Life in Dubai,” highlighting the role of digital payments in empowering economic sectors within the emirate.
The strategy targets 90% of all transactions to be cashless by 2026, with a potential economic boost of over Dh8 billion annually through fintech innovation.
“Dubai enjoys an advanced financial ecosystem based on international standards,” said Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance. “The Dubai Cashless Strategy aligns with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum to enhance the emirate’s global business position.”
He noted that 97% of Dubai government transactions were already digital in 2023.
Helal Saeed Almarri, Director-General of the Dubai Department of Economy and Tourism, emphasised the strategy’s role in achieving the D33 agenda and the goal of 90% digital transactions by 2026.
“Cashless payments are integral to daily life,” noted Hamad Obaid Al Mansoori, Director-General of Digital Dubai, remarked. “We aim to establish Dubai as a global digital capital and an attractive investment destination.”
The strategy will focus on innovations in digital payments, including AI-driven solutions and contactless technologies, offering a seamless payment experience and gradually reducing acceptance fees. The fintech sector is expected to play a key role in achieving these goals, reinforcing Dubai’s position as a digital economy leader.
The Dubai Cashless Strategy is designed to support stakeholders across the digital payment ecosystem, ensuring ease and security in digital transactions throughout the emirate.
