UAE Launches Digital Banking Initiative for Tourists with Instant Account Opening
Now UAE tourists can open digital bank a/c and get debit card to make cashless payments as UAE’s central bank rolls out new initiative
The Economic TimesImage: The Economic Times
Tourists visiting the UAE can now open digital bank accounts and obtain debit cards through a new biometric service. This initiative, launched by the Central Bank of the UAE, aims to enhance financial inclusion and promote cashless transactions across the country.
- 01Tourists can open digital bank accounts within minutes using biometric technology.
- 02The initiative is a collaboration between the Central Bank of the UAE, the Federal Authority for Identity, and Abu Dhabi Commercial Bank.
- 03This service aims to reduce reliance on cash transactions and boost financial inclusion.
- 04The digital accounts provide instant access to banking services, including a digital debit card.
- 05The initiative connects visitors to the UAE's national payment ecosystem.
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Tourists and visitors to the United Arab Emirates (UAE) can now open digital bank accounts and receive debit cards instantly thanks to a new biometric-based service. Launched by the Central Bank of the UAE (CBUAE), in collaboration with the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) and Abu Dhabi Commercial Bank (ADCB), this initiative allows non-resident visitors to create accounts through a fully digital process that utilizes biometrics and facial recognition technology. Previously, opening an account required extensive documentation, but this new system streamlines the process, enabling tourists to access essential banking services within minutes. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations at CBUAE, emphasized that the initiative enhances the ease of doing business and connects visitors to the UAE's national payment ecosystem, including the 'Jaywan' card scheme and the instant payment platform 'Aani'. This move is part of the UAE's broader strategy to promote cashless transactions and improve financial inclusion.
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This initiative simplifies banking for tourists, allowing them to make cashless payments easily during their stay, which can enhance their overall experience in the UAE.
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