Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have officially signed a Memorandum of Understanding (MoU) aimed at enhancing the implementation of Dubai’s Cashless Strategy. This partnership is expected to support the growth of digital payment solutions within the emirate, aligning with the government’s vision for a more digitally enabled economy.

Credit: Travel and Tour World

The MoU was signed as part of efforts to foster innovation in financial services, promoting a cashless environment that is both efficient and secure. Dubai Finance expressed its commitment to collaborating with DIFC to enhance the capabilities of financial institutions in the region.

According to officials, this strategic alliance is designed to facilitate the adoption of advanced financial technologies. By working together, both organizations aim to drive the digital transformation of the financial sector, ensuring that Dubai remains at the forefront of global financial innovation.