{
  "id": 13143629,
  "title": "Dubai Cashless Strategy contributes Dh8bn to economy as it exceeds goals ahead of schedule",
  "url": "https://urgent.news/2026/10/09/dubai-cashless-strategy-contributes-dh8bn-to-economy-as-it-exceeds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T15:12:30.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/money/2026/10/09/dubai-cashless-strategy-contributes-dh8bn-to-economy-as-it-exceeds-goals-ahead-of-schedule/"
  },
  "original_language": "en",
  "account": "Dubai's proactive Cashless Strategy has injected over Dh8 billion ($2.18 billion) into the emirate's economy, outpacing initial targets set for its two-year lifespan. The cashless transactions index in Dubai hit an impressive 90.1%, exceeding the 90% milestone projected for 2026, according to the Dubai Media Office. This achievement surpasses the Dh8 billion objective when the strategy was launched in October 2024. The government's digital enablement index achieved a remarkable 100%, showcasing the availability of digital payment methods across institutions and businesses. The initiative demonstrated strong results across three key pillars: governance, society, and innovation, with 97%, 95%, and 93% attainment, respectively. The report emphasized that operational business continuity was maintained to safeguard the sustainability and amplify the long-term impact of these outcomes. Notably, the community happiness index also reached the targeted 90.1%, further validating the strategy's success. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, praised the strategy, attributing Dubai's progress to a clear vision, integrated roles between government and private sectors, and the increasing utilization of technology and innovation to benefit residents and bolster economic competitiveness. As Dubai strives to cement its position as one of the world's leading digital cities, the Cashless Strategy aligns with the Dubai Economic Agenda (D33) objectives. Dubai's dedication to a cashless society is not merely a technological endeavor but a crucial element of a broader vision for a connected digital city that enhances individual and business experiences, fosters innovation, and drives economic and social value. Digital Dubai's director general, Hamad Al Mansoori, highlighted that the convenience of multiple payment options enhances the visitor experience, elevates Dubai's competitiveness, and underscores the city's status as a welcoming and connected global hub.",
  "summary": "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…",
  "key_points": [
    "Dubai's cashless strategy injected Dh8 billion into the economy ahead of schedule.",
    "Cashless transactions index in Dubai reached 90.1%, surpassing the 90% target for 2026."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "Dubai Cashless Strategy contributes Dh8bn to economy as it exceeds goals ahead of schedule",
        "url": "https://urgent.news/2026/10/09/dubai-cashless-strategy-contributes-dh8bn-to-economy-as-it-exceeds-13148024",
        "published": "2026-10-09T15:12:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}