The United Arab Emirates (UAE) uses a modern, cashless-friendly payment system. Most urban areas support contactless payments and international cards, but cash is still used in some situations.
- Official currency: UAE Dirham (AED), ISO code: AED.
- Accepted payment methods: Cash (AED), major credit/debit cards (Visa, Mastercard, American Express), and mobile wallets (Apple Pay, Google Pay, Samsung Pay, Alipay).
- Contactless payments: Widely accepted in hotels, restaurants, malls, and taxis.
- ATM availability: Extensive in cities and airports; most ATMs accept international cards. English language options are standard.
- Currency exchange: Available at banks, airports, hotels, and licensed exchange offices. Exchange rates and fees may vary.
- Foreign currency restrictions: No restrictions on bringing in foreign currency, but amounts over AED 60,000 (approx. USD 16,300/EUR 15,000) must be declared to customs.
- Cash import/export limits: Up to AED 60,000 (or equivalent) can be brought in or out without declaration. Declare higher amounts at entry/exit points.
- Transaction fees: Foreign card transactions may incur a 1–3% surcharge. ATM withdrawals may have additional fees.
- Common issues: Some small vendors may accept cash only. Notify your bank before travel to avoid card blocks.
- Major banks: Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Mashreq Bank.
- Regulations: UAE Central Bank oversees payment systems. Counterfeit currency and large undeclared cash transactions are subject to penalties.
