Dubai Finance partners with Crypto.com to enable cryptocurrency payments for government fees

Post by : Elena Malik

Photo : Dubai Government Media Office

Dubai Finance has signed a partnership agreement with Crypto.com, a well-known cryptocurrency platform, to allow people to pay government service fees using digital currencies. This agreement is a big step forward in the global growth of digital finance.

The agreement was signed in the presence of key Dubai officials, including His Excellency Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai, and His Excellency Abdulrahman Saleh Al Saleh, Director General of Dubai Finance (DOF). The official signing was done by Ahmad Ali Meftah, Executive Director of the Central Accounts Sector at DOF, and Mohammed Al Hakim, President of Crypto.com UAE.

This partnership will help support Dubai’s cashless strategy by enabling safe and simple payments through cryptocurrencies. It is also part of Dubai’s plan to create a fully digital, cashless society. This will allow Dubai’s government to set up a new digital payment method on its platforms, making it easier for people to pay government fees using cryptocurrencies. This step is also helping strengthen Dubai’s position as a leading global center for financial innovation.

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His Excellency Abdulla Mohammed Al Basti commented that using cryptocurrencies for government payments shows that Dubai is forward-thinking and ready for the future. He emphasized that this step aligns with the government's efforts to create new digital solutions and drive innovation in financial services. He praised Dubai Finance for building new global partnerships that support the Dubai Economic Agenda D33, which aims to enhance Dubai’s status as a global innovation hub.

His Excellency Abdulrahman Saleh Al Saleh said Dubai Finance is proud to play a key role in driving Dubai’s cashless strategy. He added that this new agreement with Crypto.com will help Dubai achieve its goal of being a leader in digital payments and building a better digital future.

Eric Anziani, President and COO of Crypto.com, expressed pride in being part of Dubai’s ambitious plans for a cashless society. He said that Crypto.com is excited to support Dubai Finance in bringing this initiative to life, and they believe this project will help drive future economic growth.

Ahmad Ali Meftah of Dubai Finance stressed the importance of working together with both public and private sectors to support this transformation. He explained that Dubai Finance is developing a strong set of rules to ensure digital transactions are safe, efficient, and secure.

Mohammed Al Hakim from Crypto.com UAE said this agreement is an important step for digital finance and payment digitization across government services. He added that this partnership will help transform Dubai’s economy by making digital payments more accessible.

Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, shared that Dubai’s cashless strategy aims to make the city one of the top digital cities in the world. She said the goal is to have over 90% of financial transactions in Dubai be cashless by 2026. This partnership with Crypto.com is an important step in reaching that goal and will help speed up Dubai’s cashless strategy.

The Dubai Cashless Strategy is expected to boost the city’s economy by adding at least AED 8 billion each year, through the growth of financial technology services and the expansion of Dubai’s fintech industry.

Once the technical details are sorted, customers of government services will be able to pay their fees using Crypto.com’s digital wallet. The payments will be converted into Emirati dirhams and sent securely to Dubai Finance accounts, creating an easy, safe, and innovative payment system.

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