By Staff Reporter
Dubai Finance and Dubai Chamber of Digital Economy Partner to Advance Cashless Transformation Strategy
Dubai Finance (DOF) and the Dubai Chamber of Digital Economy have signed a Memorandum of Understanding (MoU) to support the implementation of the Dubai Cashless Strategy, which aims to position the emirate as a global leader in digital payments.
The collaboration focuses on three key pillars: governance, innovation, and the transition to a cashless society.
Signed in the presence of senior officials from both entities, the agreement outlines a framework for enhanced cooperation in developing a secure and innovative digital financial environment. The MoU will facilitate the exchange of knowledge, data analysis, and joint coordination to promote cashless transformation across Dubai’s financial ecosystem.
Key initiatives include:
Harnessing fintech innovations to support the transition to cashless transactions.
Launching awareness campaigns and capacity-building programmes to increase public trust in digital solutions.
Establishing specialised working groups to develop initiatives that drive innovation and support the evolving needs of institutions and consumers.
The agreement also aims to integrate national, regional, and international cashless efforts to enhance the UAE’s standing in global fintech development. It includes provisions for joint training, education, and programme delivery, helping both public and private sector stakeholders adopt and benefit from digital payment tools.
H.E. Abdulrahman Saleh Al Saleh, Director General of Dubai Finance, emphasised the importance of fostering a flexible, secure, and forward-looking financial ecosystem aligned with Dubai’s leadership vision. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, reaffirmed the Chamber’s role in advancing the digital economy and fintech competitiveness through strategic public-private partnerships.
This MoU strengthens Dubai’s roadmap to becoming a cashless, innovation-driven economy, fully aligned with the Dubai Economic Agenda (D33) and broader national objectives to lead in digital transformation.
News Source: Dubai Media Office
