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10/17/25, 9:31 AM Al Ansari Financial Services partners with Dubai Finance in support of Dubai Cashless Strategy - Middle East Business News and …
Al Ansari Financial Services partners with Dubai

Finance in support of Dubai Cashless Strategy

October 16, 2025

Al Ansari Financial Services PJSC, a leading integrated financial services provider in the UAE,
has signed a Memorandum of Understanding (MoU) with the Dubai Department of Finance

(DOF) to accelerate the Dubai Cashless Strategy. This collaboration aligns with the Emirate of
Dubai’s ambitious goal to become a fully digitally enabled city by 2026, increasing digital

payment transactions in public and private sectors to 90% and enhancing financial inclusion
across the population.

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The signing, which took place during GITEX Global 2025 within the Dubai Government Pavilion,

is a significant development in Dubai’s fintech sector. It brings together the innovation and
scale of the private sector with the policy leadership of the public sector to improve digital

payment options across the Emirate of Dubai and position it among the world’s top five cities in
the adoption of digital payments.

The MoU outlines a strategic collaboration aimed at accelerating the adoption of electronic
payments in order to reach the Dubai Cashless Strategy’s objectives. It prioritises financial

inclusion by leveraging Al Ansari’s innovations and enhanced digital offering services, to
incorporate unbanked and underbanked communities into the digital economy. The

collaboration also aims to contribute to improving payment infrastructure and foster innovation
through shared expertise, with DOF leading policy alignment and governance to ensure a

supportive regulatory framework for a cashless society.

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