Dubai Government is making big push towards a cashless society. A Working Group is created to prepare roadmap and initiatives to make transition happen.
Dubai , Dubai
25 November 2020, 12:00 AM
12 December 2020, 12:00 AM
The Dubai Government is taking the first step towards cashless transactions with the setting up of a 'Cashless Dubai Working Group' to prepare an action plan. The intention is to "shift" all payment transactions in Dubai to secure and easy-to-use cashless platforms.
The initiative brings together departments such as 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.
The Working Group will launch a series of initiatives targeting all segments of the community to create the infrastructure and favourable conditions for eliminating the use of cash.
Abdulrahman Saleh Al Saleh, Director-General of Department of Finance, said: "This initiative - the first of its kind in the Middle East and North Africa region - reinforces Dubai’s leadership in the regional financial sector."
The Working Group launched the ‘Dubai Cashless Framework Report’, put together by Smart Dubai and Dubai Department of Finance. The Report seeks to promote the use of smart payment platforms for all transactions to phase out physical cash.