Dubai has unveiled ambitious plans to transition to a cashless society, with a target of 90% of all transactions being digital by 2026.

Launched under the Dubai Cashless Strategy, this initiative aims to drive economic growth by over $2.2 billion annually through fintech innovation.

The strategy aligns with the Dubai Economic Agenda (D33) and Digital Dubai’s vision of “Digitalizing Life in Dubai.” It focuses on enhancing secure digital payment solutions across government and private sectors, further establishing Dubai as a global hub for the digital economy.

Abdulrahman Saleh Al Saleh, Director-General of Dubai’s Department of Finance, emphasized that 97% of government transactions were already digital in 2023, and this strategy will further enhance Dubai’s financial ecosystem.

Meanwhile, Helal Saeed Almarri, Director-General of Dubai Department of Economy and Tourism, stated that the cashless strategy is crucial for achieving the goals outlined in the D33 agenda.

Hamad Obaid Al Mansoori, Director-General of Digital Dubai, stated, “Cashless payments are integral to daily life. We aim to establish Dubai as a global digital capital and an attractive investment destination.”

The initiative emphasizes AI-driven solutions, contactless technologies, and a variety of payment options to enhance the payment experience for consumers and businesses while gradually lowering transaction fees.