Dubai Cashless Strategy contributes Dh8bn to economy as it exceeds goals ahead of schedule
The Dubai Cashless Strategy has contributed more than Dh8 billion ($2.18 billion) to the economy, surpassing its goals ahead of its two-year timeframe. The emirate's cashless transactions index hit 90.1 per cent, exceeding the 90 per cent target set for 2026, the Dubai Media Office said in a statement on Friday, quoting figures from Dubai Finance. The Dh8 billion figure was also the target set…
Dubai's Cashless Strategy has generated more than Dh8 billion ($2.18 billion) for the local economy, surpassing its targets ahead of schedule. The city's digital transactions index has reached 90.1%, surpassing the 90% goal set for 2026. The government's digital enablement index hit 100%, indicating widespread availability of digital payment methods across businesses and institutions.
The strategy achieved impressive results across three pillars: governance (97%), society (95%), and innovation (93%). Operational business continuity was maintained to ensure long-term impact. The community happiness index also hit 90.1%, exceeding the 90% target. Dubai's success in this digital transformation can be attributed to its clear vision, integrated roles between government and private sectors, and growing technology and innovation adoption.
The initiative aligns with the Dubai Economic Agenda (D33) and was launched in October 2024 to establish Dubai as a top global digital city. The transition to a cashless society is part of a broader vision for an interconnected digital city, providing easier and more efficient experiences for residents, businesses, and visitors.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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