The digital cash movement

Introducing Emirates Digital Wallet - the answer to all the worry, time wasted and inconvenience of cash as we now know it. Emirates Digital Wallet is a revolutionary solution created to replace physical cash. Supporting the UAE’s smart government initiative, the Wallet enables payments and money transfers using smartphones and other handheld devices.

The benefits of Emirates Digital Wallet

Whether you’re an individual or a business owner, you can enjoy the limitless freedom of money in your pocket made mobile, with the added bonus of rewards every time you spend. Emirates Digital Wallet allows you to make payments, and to send, receive and store money too.

The future

Emirates Digital Wallet does not require a bank account – creating an ideal financial solution for the UAE’s 1.3 million unbanked residents. It also supports the UAE Central Bank’s aim to reduce and ultimately eliminate the circulation of cash, minimising financial risk and fraud.

The people behind it

Emirates Digital Wallet is jointly owned by 16 of the leading UAE national banks, supported by the UAE Central Bank.

How it will work

Emirates Digital Wallet is an app which can be used to store funds and transfer them to others. It will be accepted everywhere in the UAE, which comprises over 45,000 merchants and other service providers who currently operate more than 120,000 POS terminals.

What does it do?

Do your shopping

Send and receive money

Store cash digitally

Make and receive mobile-to-mobile payments

Earn rewards


English العربية
Cashlessness – an absolute priority

Let’s think for a moment about what the term cashlessness means. Do you use cash a lot? Do you always like having cash on you? How would you feel about a cashless world?


EDW Media Briefing – 30 April 2017

Good morning everyone, and thank you for coming to this briefing on the Emirates Digital Wallet.

We are doing this today, as tomorrow we are making our first public appearance – at the Seamless Middle East conference here at the International Conference Centre in Dubai.


Cash in your pocket

More than likely it is because we as humans have such a strong emotional bond with cash. Depending on where you are and how old you are, cash represents wealth, security, access to society, and sometimes even health. But cash has its downsides, some of them of serious concern to policy makers and law enforcement officials.


Emirates Digital Wallet Launched at Seamless

Emirates Digital Wallet, a unique platform established by 16 of the UAE’s leading banks, has been formally launched at the Seamless Middle East conference on 1 and 2 May in Dubai.

Emirates Digital Wallet paves the way for cashless spending, transfer and storage of money for everyone living and working in the UAE. It brings together best practice from a wide variety of payment systems around the world, and provides a unique solution tuned in to the needs and characteristics of the UAE’s local environment.


على الطريق نحو الاستغناء عن النقود الورقية كليّاً

فلنمعن التفكير للحظات فيما يحمله مصطلح "التعاملات المالية غير النقدية" في طياته من معاني. ولكن أولاً، علينا الإجابة عن بعض الأسئلة: هل نستخدم النقود كثيراً؟ هل نفضل حمل نقود معنا دائماً؟ كيف سيكون شعورنا عندما يأتي الوقت الذي يتم فيه الاستغناء عن النقود الورقية تماماً؟

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نقودك في جيبك دون أن تحملها

من المرجح أن يسترعي المقال الذي يبدأ بمثل هذا العنوان انتباهكم. وقد تحقق ذلك على ما يبدو.

وسبب ذلك على الأغلب هو أن الإنسان بطبعه لديه انجذاب قوي للأوراق والعملات النقدية التي تمثل، اعتماداً على مكان تواجد الفرد وعمره، الثروة والأمن والمكانة المجتمعية، بل والصحة في بعض الأحيان. لكن وعلى الجانب الآخر تنطوي النقود على سلبيات يثير بعضها مخاوف بالغة لدى صانعي السياسات ومسؤولي إنفاذ القانون.

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اطلاق محفظة الإمارات الرقمية خلال معرض ومؤتمر الشرق الأوسط للبطاقات والدفع الإلكتروني "سيملس ميدل إيست 2017"

دبي، 1 مايو 2017: خلال معرض ومؤتمر الشرق الأوسط للبطاقات والدفع الإلكتروني "سيملس ميدل إيست 2017" المنعقد في 1 و2 من مايو في دبي، تم اطلاق محفظة الإمارات الرقمية، وهي منصة فريدة تجمع 16 بنك رائد في دولة الإمارات العربية المتحدة.

وتمهد بهذا محفظة الإمارات الرقمية الطريق للتعاملات المالية غير النقدية من الصرف والحوالات وادخار المال لجميع المقيمين والعاملين في دولة الإمارات العربية المتحدة. حيث تجمع المحفظة من الخبرات وأفضل الممارسات من مجموعة كبيرة من انظمة الدفع العالمية وتقدم حل مميز يتفق مع احتياجات وبيئة دولة الإمارات المحلية.

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Emirates Digital Wallet will be an own-brand digital app to be offered by any member bank to their customers (who can be consumers or small business) to access and use. Some non-member banks will also be offering it to customers. The app will also be available direct from Emirates Digital Wallet by anyone who is resident in the UAE.
Once they have set up the app customers will also be able to link their Digital Wallet to their credit/covered/debit cards from all issuers if they have them and use them at any outlet, anywhere in the UAE. They can move funds from any UAE bank(s) or deposit cash into their Digital Wallet at designated Cash Deposit Machines. Using their Digital Wallet they can pay for goods or services, send and receive money, and store money for when they need it. They do not need to have a bank account. They can also obtain cash from ATMs by accessing funds stored on their Digital Wallet.
The Emirates Mobile Wallet Company is jointly owned by 16 of the leading UAE national banks. This is what makes the Emirates Digital Wallet so unique. It will be regulated by the UAE Central Bank and operated in partnership with Mastercard. Member banks are NBAD, ADCB, ADIB, Mashreq Bank, DIB, CBD, RAK Bank, UNB, Al Hilal Bank, SIB, Al Masraf, Bank of Sharjah, Invest Bank, UAB, NBF, and NBQ. The Digital Wallet Company has a Board of 9 representatives of stakeholder banks, and its Chairman is Mohammed Al Jayyash, Chief Service Officer of Abu Dhabi Commercial Bank. The General Manager of Emirates Digital Wallet is Maki Vekinis, previously Head of Global Transaction Services at Abu Dhabi Islamic Bank.
There are three principal aims:
  • The first is as an effective payments system forming the financial component of the smart government initiative announced by Sheikh Mohammed bin Rashed Al Maktoum, Vice President and Prime Minister of the UAE in 2014
  • The second is to support the government’s desire for better financial inclusion, primarily among the 1.3 million unbanked, in the UAE economy
  • And the third is to support the UAE banks’ (and Central Bank’s) desire to reduce and ultimately remove cash in circulation in the UAE economy so as to make it more efficient and to minimise fraud and the risks inherent in the use of cash
Creating a highly efficient, safe and popular system for payment and remittance of money. But a high priority for the project is also improving financial inclusion of the unbanked segment of the UAE population – over 1.3 million UAE residents. It will enable them to access basic financial services, such as receiving funds or making payments. It will also help reduce cash in circulation, thus reducing costs and fraud while increasing security and financial stability. It will add value to a potential base of 3 million customers using it to pay in a wide variety of scenarios, providing services in addition to payments. Working together banks can create a modern and efficient digital wallet for the entire population that reduces the use of cash and benefits all parties in the ecosystem while cementing the customer relationship through the cornerstone of easy payment provision.
They will be offered it by their banks under the bank’s own branding if they are members of the Emirates Digital Wallet. If they are not, banks can offer it to their customers as an additional option. Customers without bank accounts will also be able to apply directly to Emirates Digital Wallet to sign up.
It will be very safe. The entire payment process is protected by a state of the art firewall which is of the same status and calibre that protects customers’ assets and transactions with UAE banks. It will also be regulated by the UAE Central Bank.


Money that
works for you.

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