Digital Dubai Unveils 'Dubai Cashless Strategy'

Digital Dubai has introduced the "Dubai Cashless Strategy" to enhance secure digital payment solutions across government and private sectors. The main aim of the strategy is to shift 90% of transactions to digital by 2026, potentially boosting economic growth by over AED 8 billion annually through fintech innovation.

The latest initiative aligns with the objectives of the Dubai Economic Agenda (D33) and Digital Dubai’s goal of "Digitalizing Life in Dubai." The strategy places innovations in digital payments, including AI-driven solutions and contactless technologies. It seeks to provide a seamless payment experience, facilitating diverse payment methods and gradually reducing acceptance fees. 

According to Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance, 97% of Dubai government transactions were digital in 2023. The fintech sector plays a vital role in achieving the strategy's objectives, reinforcing the emirate's status as the digital economy capital and fostering further innovations in digital financial services.