As a result, UAE residents may be able to make payments using their national ID cards. The system will use the national ID card to identify users and replace cash for financial transactions. The e-wallet will enable payment for purchases, either through the points of sale or online using the Emirates ID card.
The Central Bank estimates that about Dh1.7 billion in cash will be issued in the UAE in 2015 and 3 percent of the amount will be transacted through the e-wallet system.
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