Dubai’s Department of Finance (DOF) has signed a Memorandum of Understanding (MoU) with Network International, a leading enabler of digital commerce in the Middle East and Africa, to accelerate the implementation of the Dubai Cashless Strategy. The initiative, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, seeks to position Dubai among the world’s top five cashless cities by 2026.
The partnership will support the strategy’s core pillars of governance, innovation, and societal empowerment, while promoting knowledge exchange and facilitating broad-based financial digitalisation.
The MoU was signed by Ahmad Ali Meftah, Executive Director of the Central Accounts Sector at DOF, and Jamal Al Nassai, Group Managing Director for Merchant Services – Middle East and North Africa at Network International. The agreement aims to leverage the Network’s fintech expertise to boost digital payment adoption across sectors, offering secure and seamless transaction experiences for both individuals and businesses.
“Partnering with Network International is a significant milestone in driving forward the Dubai Cashless Strategy,” said Ahmad Ali Meftah. “By adopting state-of-the-art digital payment solutions, we are working to build a more inclusive and efficient financial ecosystem that benefits every segment of society.”
Jamal Al Nassai echoed this sentiment, stating, “Our partnership with the DOF reflects our commitment to equipping all Government of Dubai customers – whether businesses or individuals – with innovative and secure payment solutions. With our support for the Dubai Cashless Strategy, we are contributing to shaping a more inclusive, resilient, and innovative financial ecosystem.”
The collaboration will also focus on exploring fintech-led innovations and supporting the development of cutting-edge digital financial services that enhance convenience, security, and accessibility for users. As Dubai continues to advance its digital economy agenda, this initiative marks another step in transforming the emirate into a global benchmark for financial innovation.
(With inputs from Dubai Media Office)
