Image: Dubai Media Office/ For illustrative purposes
Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have signed a memorandum of understanding (MoU) to support the implementation of the Dubai Cashless Strategy, focusing on the initiative’s three core pillars: governance, innovation, and society.
The agreement aims to enhance the exchange of information and expertise in financial digitalisation, leveraging DIFC’s position as the region’s leading financial innovation ecosystem.
A key step in advancing the Dubai Cashless Strategy
“This agreement marks a significant milestone in advancing the Dubai Cashless Strategy and accelerating the shift towards a fully integrated digital financial future,” said Abdulrahman Saleh Al Saleh, DG of DOF. “Guided by the vision and directives of our leadership, we are committed to positioning Dubai as a global financial hub. DIFC plays a central role in strengthening Dubai’s standing among the world’s leading financial centres, with its advanced regulatory framework and world-class infrastructure.
In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy’s three core pillars—governance, innovation, and… pic.twitter.com/toZv5W1Q1A
— Dubai Media Office (@DXBMediaOffice) May 16, 2025
Essa Kazim, governor of DIFC, added, “This partnership with Dubai Finance supports the Dubai Cashless Strategy. At DIFC, we remain committed to fostering an enabling environment for fintech companies to thrive.”
The agreement includes the organisation of specialised workshops to support best practices for a cashless economy and to facilitate the adoption of digital payment channels. It also encompasses collaboration with DIFC’s Innovation Hub to explore AI-driven initiatives that benefit residents, tourists, and the wider community.
Additionally, the MoU supports innovation programmes and accelerators aimed at developing advanced, accessible, and efficient digital financial solutions.
Read: Chinese investment bank CICC opens branch in Dubai’s DIFC
