UAE Banks Federation appoints consultant to design blueprint

The UAE Banks Federation has unveiled a key project which forms the main financial component of the Smart Government initiative announced by His Highness Sheikh 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 and other advanced technology tools.  Smart Government in the UAE is an advanced step of e-government, which aims to encourage government and government-related entities to provide creative solutions for round-the-clock, highly efficient and transparent services through mobile phone applications that meet customers' expectations.

Since earlier in 2013 a committee of the UAE Banks Federation has been working on the Mobile Wallet project to put together the mobile financial services strategy, and has now selected an external consultant who will help design the blueprint for implementation of the Mobile Wallet.

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