Dubai – Mubasher: The Department of Finance (DOF) in Dubai has launched ‘Noqodi’, a digital wallet to ease payments for government service fees, in collaboration with Smart Dubai and emaratech, a technology and management consulting company which is part of the Investment Corporation Dubai (ICD).
The new payment method enables customers to pay for different government and non-government fees under the digital platform for payments ‘Dubai Pay’ in an easy, quick, and secure way, the state-run Emirates News Agency (WAM) reported.
“We commend Smart Dubai's efforts in developing the digital infrastructure and the provision of smart payment channels, in line with the smart transformation journey aimed at making Dubai the smartest and happiest city in the world, according to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,” DOF director-general Abdulrahman Saleh Al Saleh commented.
For his part, Jamal Hamed Al Marri, executive director of Central Accounts Sector at DOF, said: “The new digital wallet is characterised by its high-volume transactions, which could reach up to millions of dirhams. Government entities can now stop accepting cheques and bank transfers.”
Al Marri also added that the DOF has listed a number of national banks and financial institutions that authorise customers to add credit to their wallets with their bank accounts, noting that other financial entities will be included to help a broad number of customers.
Customers have the option to add credit to their noqodi account online from their bank accounts in a number of national lenders or through a number of exchange houses, according to WAM.
Furthermore, Thani Al Zaffin, director-general and board member of emaratech, said: “Noqodi works with a wide network of banks and financial institutions and enjoys a range of features, which includes the provision of integrated solutions for payment collection, cashback, settlements and others.”
“The wallet is certified with PCI DSS, one of the highest certificates of cybersecurity standards in the world, which ensures full protection to the wallet data of customers,” Al Zaffin highlighted.
