UAE issues new digital law, covers all forms of payments, transactions

Asma Ahmed - | UAE

The UAE's most recent digital legislation encompasses all forms of online payment and transactions, both domestically and internationally, offering enhanced consumer protections, according to David Yates, partner and head of digital and data at Al Tamimi & Company.

Yates explained that the new law aims to regulate trade conducted through any digital means available. While e-commerce traditionally operates via websites, digital trade has expanded to include various platforms such as apps and blockchain. This legislation broadens the scope of traditional e-commerce regulations to encompass all digital methods of trading.

Federal Decree No. 14 of 2023, introduced late last year, supersedes previous legislation by addressing all aspects of digital payments and transactions. Unlike its predecessor, which solely focused on e-commerce, the new law offers comprehensive protection to consumers in the UAE.

The law applies to transactions conducted by both buyers and sellers through any digital means, whether within the UAE or abroad, when residents make purchases. However, there are exceptions, as it does not extend to government procurement, digital currency transactions, or financial services.

Yates emphasized that the previous e-commerce law failed to capture transactions involving emerging technologies such as blockchain, mobile apps, and digital platforms. The updated legislation not only encompasses current technologies but also anticipates future advancements in the digital landscape.

The law prioritizes consumer interests by introducing additional safeguards. For instance, it mandates that consumers have a mechanism to provide feedback on digital platforms, offering protection against fraud and ensuring accountability in transactions.

Moreover, the legislation addresses the formation of digital contracts, stipulating that contracts formed through verifiable identity authentication are legally binding.

Yates anticipates that the Executive Regulations, expected to be released later, will outline penalties focused on consumer rights, such as obtaining refunds and facilitating resolutions between parties involved in disputes.

About Author

Asma Ahmed
Asma Ahmed
1499 Total posts


Read Also

UAE
Abu Dhabi announces that traffic on some roads will be diverted until June 9

It has been announced by Abu Dhabi that certain routes will be closed till June 9 due to traffic congestion.

UAE
Dubai: Statement from the Roads Authority regarding amending traffic times and new lanes

The Roads and Transport Authority and the Dubai Police General Headquarters have revised the schedule for truck traffic on Sheikh Mohammed bin Zayed Road, specifically the segment between Ras Al Khor Street and the Emirate of Sharjah, in both...

UAE
A yellow alert was issued for UAE residents due to the weather in the coming hours

A yellow notice has been issued for UAE citizens because of the expected weather in the next several hours.

UAE
UAE Airlines issued a new statement regarding international flights to some destinations

UAE Airlines published this announcement about international flights to various destinations.

UAE
UAE earthquake: The residents of the Emirates feel an earthquake in some areas

Residents in several regions of the United Arab Emirates have reported feeling the effects of an earthquake.

UAE
UAE visa: The UAE will provide new types of long-term visas in 2024

The United Arab Emirates (UAE) will begin offering new sorts of long-term visas in the year 2024.

UAE
Abu Dhabi Police warns residents of new scams

The Abu Dhabi Police Department is warning residents about new frauds.

UAE
The UAE announces a heavy fine of up to 100 thousand dirhams

The UAE Ministry of Human Resources and Emiratization (MoHRE) said on Friday that more than 1,370 private enterprises will be subject to severe penalties after it was discovered that they had broken the Emiratization regulations.

UAE
The UAE imposes fines of up to DH 100,000 on 1,300 companies for Emiratisation violations

The United Arab Emirates (UAE) levies fines of up to DH 100,000 on 1,300 businesses for violations of the Emiratization law.

UAE
The UAE announces the deaths of two policemen while performing their duties in Abu Dhabi.

The United Arab Emirates (UAE) reported that two police officers died while performing their duties in Abu Dhabi.

UAE
Dubai Police issued special instructions to vehicle owners today.

The Dubai Police Department sent special instructions to car owners today during the President's Cup Finals.

UAE
Emirates Airlines provides new job opportunities for residents and gives its employees 20-week bonuses

Emirates Airlines offers new job opportunities to residents and offers 20-week incentives to its employees.

UAE
A resident in Dubai wins a million dollars

A woman received a million dollars after using her husband's financial gift to buy a duty-free ticket to Dubai.

UAE
The UAE employees take a long holiday on Eid al-Adha

On the occasion of Eid al-Adha, the employees of the UAE take a lengthy vacation.

UAE
Airline offers are available in the Emirates on the occasion of the Eid Al-Adha holiday

On account of the Eid al-Adha festival, the Emirates of the United Arab Emirates are offering special deals on airline tickets because of the Eid al-Adha festival.

UAE
The UAE announces a single visa that allows its holders to travel to 6 countries for work and leisure

The UAE announced the availability of a single visa that entitles its holders to business and leisure travel to six nations.

UAE
The steps to extend a UAE visa: documents and fees required to renew a Dubai visa

The procedures for extending a UAE visa include the necessary paperwork and costs.

UAE
The UAE Police explains to employees the procedures for filing complaints against abusive co-workers

Employees receive instructions from the UAE Police on the procedures to follow when filing complaints against abusive coworkers.

UAE
The UAE announces a new 10-year blue residency permit

The United Arab Emirates has declared a permanent residence for environmentalists.

UAE
New UAE Blue Visa: A new visa for UAE residents for 10 years

The Blue Visa, a new visa for citizens of the United Arab Emirates, is available.

Dubai Metro services suddenly stopped temporarily due to a technical problem