July 19, 2024

A topmost official stated out that in the UAE territory, Cashless Payments are the new trend that’s talking the rounds

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The swiftness shifts happening within the UAE is also being apprehended in diverse global reports.

As according to a topmost ministry official stated that Cashless Payments are nurturing swifter than the expected norms in the UAE, within the aftermath of Pandemic turmoil.

Assistant Undersecretary at the UAE’s Ministry of Economy, Abdulaziz Alnuaimi, who was conversing within the Second Digipay Summit planned via the Khaleej Times in Dubai on Wednesday.

He further stated out that; “In the United Arab Emirates, our visionary leaders have been supporting and encouraging both government agencies and corporations to digitise services, systems, and organisations even before the pandemic. Today, we’re doubling down on what our leaders initiated long before a complete shutdown of the world.”

“More than ever, we are keen on adopting the latest and most advanced technological tools and software and attracting the brightest minds. The launch of UAE’s digital government strategy is to ensure that the UAE government is digitised by design. This strategy is set to integrate all capacities, structures and opportunities.”

The Cashless Nations story by a UK-based Budget comparison website positions the UAE as the eighth most cashless civilization globally. According to the report, the UAE is anticipated to become the initial cashless nation in the Middle East with around 83 percent of the UAE’s populace retaining a debit card. There are also four major E-wallets in action within the UAE.

Alnuaimi further stated out that; the UAEs Ministry of Economy endures to aid upon the government’s striving energies for aiding and guiding out the nation’s shift in the direction of digitalized economy.

He further also added out that; “The UAE government is taking concrete steps to establish a robust, digital economy by capitalising on the benefits of digital transformation.” “The strategic plans of the National Economic Agenda are based on fostering a digital economy that creates high-value jobs as well as inbound and outbound investment opportunities across industries.”

The swiftness shifting getting directed within the UAE is also within the place for being apprehended within diverse global reports. As per the statistics taken from the Boston Consulting Group (BCG), for an illustration, had positioned UAE as the third best nation globally with respect to Digitalized Services’ position as well as adoption. “This cyber secure system allows users to make payments through an innovative mobile application. The eDirham payment card also offers a wide range of benefits for users.”



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