UAE banks support smart govt initiative


08/02/2014 08:44 AST

The UAE Banks Federation has unveiled a key project, which forms the main financial component of the Smart Government initiative announced by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in May 2013.

The ‘Mobile Wallet’ project is the translation into reality by a committee set up by the UAE Banks Federation on behalf of the banking sector for the Smart Government initiative. In effect the project will provide users of mobile devices with an electronic equivalent of the traditional wallet, able to store, transfer money and pay for goods and services very conveniently from a common platform. The Smart Government initiative aims to ensure that all key government services will be delivered via mobile phones.

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