Converting payments in Dubai to non-cash payment methods safely and easily

Dubai government: digital “my money wallet” paves the way for cutting out currencies

Abdul Rahman Saleh Al Saleh: “(My Money Wallet) will be a strategic partner for the“ Dubai Cashless ”project.

The Dubai government, represented by the Department of Finance and the Dubai Smart Department, confirmed that the "My Digital Wallet" is an important tool in support of the "Dubai Cashless" initiative, which was launched by the government last week, with the aim of paving the way to dispense with currencies and converting payments in Dubai to non-cash payment methods. Safe and easy, covering all sectors.

“My Money Wallet” enables individuals and companies with various governmental and non-governmental agencies that fall under the umbrella of the “Dubai Pay” portal for paying government services fees, and the services of some semi-government and private entities, to pay fees quickly, easily and safely.

Strategic partner

The Director General of the Department of Finance in the Government of Dubai, Abdul Rahman Saleh Al Saleh, confirmed that the “My Money Wallet”, with the support of the Executive Council of the Emirate of Dubai, will be a strategic partner for the “Dubai Cashless” project, pointing out that the objectives of the project are to stimulate the use of smart payment methods in all Transactions with the dispensing of cash, as part of the relentless efforts to support the full digital transformation of the emirate, in accordance with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Al Saleh said: “The department is keen to raise the level of happiness of dealers with the Dubai government, by making available a (My Money Wallet) and other practical, secure and easy-to-use channels to pay government services fees, in cooperation with the concerned authorities in the Dubai Cashless Working Group, foremost among which is (Smart Dubai), which we commend the efforts exerted in the field of developing the digital infrastructure in the Emirate of Dubai, and providing digital payment channels for fees.

Perfect way

For his part, Assistant General Manager of Smart Dubai, Executive Director of Dubai Data Corporation, Yunus Al Nasser, said: “We firmly believe in (Smart Dubai) that cashless transactions are the future and the best way in which business and commerce will be conducted in the 21st century and beyond. ».

He continued: “The (Cashless Framework) initiative establishes other initiatives, services, and programs that promise to convert all payment transactions in the Emirate of Dubai into secure, easy-to-use cashless platforms in all sectors, while the (My Money) initiative is a prominent example of these services, as it is a tool. "It is a strong way to allow cashless transactions on a large scale between individuals, companies, governmental and non-governmental agencies."

Essential player

In his turn, Thani Al Zafin, Director General and Board Member of the company «Emaratech», a subsidiary of the Dubai Investment Corporation, said: “We are pleased to be one of the contributors to the implementation of the Dubai strategy for paperless and cashless transactions, and who support the Dubai government in fully implementing digital services and transforming its government agencies into Entities with digital and cash services and processes, and we are pleased that (My Money Wallet) is one of the main players currently in pushing the wheel of growth and civilized progress to reach a fully smart model, in accordance with the best global practices adopted by the Dubai Smart Government.

Pay the fees

The “My Money Wallet”, developed by the company “Emaratech”, affiliated with the Dubai Investment Corporation, and launched by the Department of Finance and “Smart Dubai” last year, is the latest available option for paying government fees through the Dubai government's digital fee payment platform: the “Dubai Pay” portal e.

Customers can replenish the balance of the digital "my money wallet" via the Internet from current accounts in local and international banks through the international account number (IBAN), and from credit cards, in addition to the possibility of feeding it with cash in a number of exchange institutions.

Noqodi digital wallet is characterized by flexibility, and there is no minimum or upper limit for the balance, and it is also characterized by the possibility of immediate return of financial transactions in cases or cancellations.

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