Dubai Targets 90% Cashless Transactions by End of 2026

Dubai's Ambitious Leap Towards a Cashless Future

The Emirate of Dubai is rapidly advancing its 'Dubai Cashless Strategy,' with an ambitious goal to achieve 90% cashless transactions across both government and private sectors by the end of 2026. This transformative initiative, first announced in October 2024, aims to significantly reduce reliance on physical cash, fostering a more efficient and digitally integrated economy.

Driving Digital Transformation and Economic Growth

Chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the strategy is a cornerstone of the broader Dubai Economic Agenda (D33) and Digital Dubai's objective to 'Digitalizing Life in Dubai.' The shift is projected to inject substantial economic benefits, potentially boosting the emirate's economic growth by over AED 8 billion annually. The move does not signify the abandonment of money but rather a transition from physical notes and coins to secure, fast, and convenient digital payment methods.

The strategy emphasizes a wide array of digital payment options, including:

• Banking apps
• Credit and debit cards
• Mobile wallets
• Contactless technologies
• AI-driven payment solutions

In 2023, 97% of Dubai government transactions were already digital, laying a strong foundation for this expansion. Dubai Finance (DOF) has also activated a wide range of global digital wallets for government service fees, including Apple Pay, Samsung Pay, Google Pay, Alipay, and WeChat Pay, enhancing accessibility for residents and visitors alike.

Enhancing the Tourist Experience and Visa Payments

Recognizing the importance of its tourism sector, Dubai's cashless strategy includes specific initiatives to facilitate digital payments for international visitors. Emirates and flydubai have signed Memorandums of Understanding (MoUs) with Dubai Finance to encourage the adoption of digital payments among travelers. These efforts aim to make digital payment options more inclusive and widely accepted throughout the city, though tourists are advised to be prepared for potential foreign transaction fees.

A significant change will also impact visa payment methods. The General Directorate of Residency and Foreigners Affairs (GDRFA) Dubai has entered into an agreement to expand its digital payment ecosystem. This means that payments for immigration and visa services for individuals, residents, and visitors are set to transition away from cash, requiring greater reliance on cards or approved digital platforms.

Implementation and Future Outlook

The implementation of the Dubai Cashless Strategy is guided by pillars of Digital Governance, Digital Innovation, and Digital Society. To support businesses in this transition, the Dubai International Financial Centre (DIFC) and Dubai Finance agreed in 2025 to lead specialized workshops. The city's long-term vision is for 100% of stores to eventually accept digital payments, ensuring a seamless experience for everyone in Dubai. This comprehensive approach aims to solidify Dubai's position as a global hub for financial innovation and a leading digital economy.