Hamdan bin Mohamed praises Dubai Non-Cash Strategy
Dubai Financial Authority announced that Dubai’s cashless strategy, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in October 2024, achieved its main objectives ahead of schedule. The cashless transaction index reached 90.1%, surpassing the target of 90% by 2026. Additionally, the digital empowerment of the government sector reached 100%. These results reflect the rapid progress in transforming Dubai into an integrated digital payments ecosystem, supported by partnerships between the public and private sectors. The initiatives have contributed over 8 billion dirhams to the economy, while maintaining high standards of governance and innovation. Emirate leaders confirmed that this success strengthens Dubai’s position as a global hub for business, investment, and the digital economy, reaffirming its leadership in providing a flexible and reliable business environment.
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