UAE Pioneering in Digital Payments in the Middle East; Cross-Boundary Connectivity becomes inclusive

The Rapid advancements in digital transactions in the Middle East is inclusive, streamlined and in consideration with cross-boundary trade and business. From regional payment platforms such as BUNA, developed by the Arab Monetary Fund (AMF), and AFAQ, an initiative by the Gulf Cooperation Council (GCC), it is a fast growing development. 

Reaching out as a trailblazer in the region, UAE’s banking sector stands as a cornerstone, holding the largest share of assets of the Middle East’s $3.2 Trillion banking system. The UAE is developing a global blockchain, ensuring cross-boundary payments, offering faster, more secure, efficient and cost-effective solutions. 

The country is also in the lead in adapting fintech solutions and planning ahead for a more digitally relying future. Especially the strategic technology interest of UAE has positioned itself as the developing hub of the Middle East’s banking future, also aligning with the ‘We the UAE 2031’ vision. 

80% of UAE banks prioritize digital transformation for 2024, the nation is shaping the next generation of digital banking, inspiring neighboring markets and setting a model for global replication.

UAE’s partnership with India through NPCI scales up UPI adoption for millions and is committed to delivering seamless, secure digital-payment experiences that generate lasting value for consumers, merchants and the wider economy. The Government of Dubai projects a goal of 90% digital transaction by 2026. 

“The experience of the Indian diaspora and the Indian travellers to UAE will never be the same again after the complete integration of UPI with UAE’s digital payments architecture,” Satish Kumar Sivan, Consul General of India, Dubai said.

Many flagship outlets such as Dubai Duty Free and Lulu Hypermarket are allowing UPI Payments for Indian customers to settle purchases straight from the Indian banks. Ritesh Shukla, MD & CEO, NPCI International said that the expansion reflects global confidence in India’s digital payment sector. 

The Consulate & @NPCI_NPCI organized a media round-table to present its ongoing progress in expanding UPI acceptance across🇦🇪 & unveiled the next phase of its strategy to deepen the platform’s integration and strengthen the digital bridge between the two vibrant economies. pic.twitter.com/HWIKenHE5S

— India in Dubai (@cgidubai) July 10, 2025

He also added that, “By enabling seamless, secure, and real-time payments, we are empowering businesses and consumers alike, supporting the UAE’s vision of a cashless economy, and setting new standards for cross-border financial connectivity. We remain committed to deepening our partnerships and driving the next wave of digital transformation.”

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