During the GITEX Global 2024 event in Dubai, the Dubai Department of Finance (DOF) signed eight key agreements to advance the recently launched Dubai Cashless Strategy, led by the Government of Dubai through the Dubai Digital Authority (DDA) and DOF. These partnerships aim to simplify payments for government transactions and services.
The agreements introduced the Smart Installment System, allowing customers of various government entities to pay transaction fees in installments through smart portals or at service centers. Initial partners include Tabby, Tamara, and eight major local banks offering easy payment solutions through Visa Empowerment. Customers can pay fees at service centers like the Roads and Transport Authority, Dubai Municipality, and Dubai Customs.
Additionally, DOF launched the pilot phase of the Biometric Payment System, which allows customers to complete transactions using facial or palm recognition at government service centers.
DOF signed agreements with leading entities, including Digital Dubai, Visa, Network International, and banks like Abu Dhabi Commercial Bank, Emirates NBD, and Dubai Islamic Bank.
H.E. Abdulrahman Saleh Al Saleh, DOF’s Director General, emphasized the importance of these innovations, noting that the Dubai Cashless Strategy aims to achieve 90% digital transactions by 2026. He highlighted DOF’s role in fulfilling the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum to make Dubai one of the world’s most advanced cities.
The agreements mark a significant step toward Dubai’s goal of enhancing customer satisfaction through digital payments, positioning the emirate as a global leader in financial innovation.
News Source: Dubai Media Office
