Community

Alex - I dont think CG has been involved in such projects, at least in this region.

Nick Holt - Dubai Card is a card that needs either ann underlying bank account, or cash in hand to load funds, doesnt it?

Muhammad - Valid point. But a mobile based wallet platform (for instance one like Beam in the UAE) is a good replacement for plastic cards. Of course the underlying instrument continues to be a card issued by a bank of a financial institution. My point is that the mobile based payments system will be helpful on both fronts - 1. in getting rid of plastic cards and thereby fat wallets, and 2. for the unbanked masses who dont have hte privilege of having bank accounts or plastic cards. Hence, for me this is a great move by the UAE Government.