Noqodi eWallet supports “Cashless Dubai” initiative in its goals

By Rahul Vaimal, Associate Editor
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The Government of Dubai, represented by the Department of Finance (DOF) and the Department of Smart Dubai, see the Noqodi eWallet as a significant instrument in supporting the ‘Cashless Dubai’ initiative.

The recently launched ‘Cashless Dubai Working Group’ scheme by the government intends to enable a cashless transaction system in Dubai.

Unveiled last year, Noqodi, created by emaratech, a Dubai Investment Corporation is the latest choice available to pay government fees through the ‘Dubai Pay’ portal. Noqodi eWallet allows individuals and firms in different government and non-government organizations to pay government service fees instantly, conveniently and securely.

Abdulrahman Saleh Al Saleh
Abdulrahman Saleh Al Saleh
Director General
Department of Finance

“Supported by The Executive Council of Dubai, Noqodi will become a strategic partner for the Cashless Dubai Project, the objectives of which are to encourage the use of smart payment methods in all transactions without cash, as part of the relentless efforts to support the full digital transformation of the emirate, according to the sound vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. DOF is keen to raise the happiness level of Dubai Government customers by enabling Noqodi eWallet and other secure and easy-to-use payment channels to pay government service fees, in cooperation with the Cashless Dubai Working Group.”

Noqodi is a convenient way of paying fees with no minimum or upper balance limit. It also helps clients to have their cash refund in case of any cancellation. The eWallet payment channel also permits clients to pay money at service counters in government agencies via POS (Point of Sale).

Clients can have a balance of Noqodi eWallet topped up from their current accounts in local and international banks, using the international bank account number (IBAN). They can also use their credit cards in addition to money recharging methods available at a variety of exchange firms.

Younus Al Nasser, Assistant Director-General of Smart Dubai, CEO of the Dubai Data Establishment said, “In line with the forward-thinking vision of the wise leadership, we, at Smart Dubai, firmly believe that going cashless is the future of transactions. It is the way that business and commerce will be conducted in the 21st century and beyond. The ‘Cashless Framework Report’ initiative and the ‘Cashless Dubai Working Group’ launched last week bringing Smart Dubai together with the Dubai Department of Finance – are a major and game-changing step forward in that direction.”

“The initiative aims to lay the foundation for other initiatives, services, and programs that promise to shift all payment transactions in Dubai to secure and easy-to-use cashless platforms across all sectors,” Al Nasser explained.

He further added, “Noqodi is a prominent example of such services; it is a powerful tool that enables widespread cashless transactions among individuals, corporations, government entities, and non-governmental organizations – and we are honored to have been part of the effort to develop it with our partners at the Dubai Department of Finance and emaratech.”

Thani Al Zaffin, Director General & Board Member of emaratech, said: “According to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, we are pleased to contribute to Dubai’s paperless strategy and Cashless Initiative. We feel proud to fully support the Dubai Government to implement digital services and transform its agencies into cashless digital services and operations. We are confident that Noqodi will be an important player to create a fully smart model according to the best international practices.”