New Year brings with it splendid new opportunitiesJanuary 4, 2016 10:46
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57 by Muhammad Aldalou
In case you haven’t noticed, we’ve been anxiously awaiting the day when the Emirates ID card might finally be put to good use.
But the day when it will require a more prominent position in our wallet is drawing closer – some time in 2015, we’re led to believe.
According to a report by The National, not only is the Emirates Identity Authority currently ‘in talks’ with the Central Bank of the UAE to enable financial transactions on the card, but the government body is ‘keen’ to give the ID card a bit more functionality than a mere form of authentication.
Kipp feels relatively comfortable speaking for the majority of the population when we say we are just as keen, if not more so.
Currently, the authority is working with banks, telecom companies and other private and public sector entities to eventually maximise the use of the chip, for both the aforementioned entities, and residents.
“The trends show that the cards and payment industry is going more towards convergence, interoperability and integration,” said Ali Mohamed Al Khouri, the director general of the EIA at the Cards Middle East exhibition in Dubai.
The paper’s report further notes that the National Bank of Abu Dhabi, Sharjah Islamic Bank and Al Hilal Bank are already using the card for some of their services – including opening new accounts and registering for loans. However, Al Hilal is also experimenting with the possibility of using it as a pre-paid credit card.
“There is so much dependency on paper verification. We have to create a paradigm shift in the mindset of the government and government organisations to take this card and enable new and interesting initiatives,” added Mr Al Khouri.
We couldn’t agree more.