Credit & debit cards and payment apps set to phase out in UAE: What next?

ABU DHABI: The UAE is set to revolutionize its payment and identification systems, becoming the first country in the Middle East to introduce Palm ID technology. This innovative system, developed by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) in collaboration with the Central Bank of the UAE, aims to replace traditional payment methods such as Google Pay, PhonePay, credit cards and debit cards.

Palm ID will allow users to make quick, hassle-free money transfers simply by using the palm of their hand. The technology works by linking an individual’s palm print to their personal profile, ensuring secure identification and payment. Each person’s palm print is unique, making it a more secure option than facial recognition technology. Once users enroll their palm biometric information through the ICP platform, it will be connected to various sectors across the public and private spheres.

Currently, the project is in its pilot and development phase, forming part of the UAE Vision 2031 initiative. Registering for Palm ID will require individuals to input their palm biometric information, which will be linked to their Emirates ID to ensure the accuracy of personal details.

Palm ID will not only be used for payments but also for withdrawing money from ATMs and replacing existing cards such as metro passes. According to an ICP spokesperson, regulations and policies surrounding the scheme are still under review but the goal is to enhance security and reduce fraud in digital transactions.