World’s first fintech-enabled Gold ATM launched in the UAE

by Staff Reporter
World’s first fintech-enabled Gold ATM launched in the UAE

A new fintech-powered Gold ATM has been introduced in the UAE, marking what industry officials describe as a step forward in expanding digital access to physical bullion.

Emirates Gold and Malaysia-based Public Gold announced the launch during the Dubai Precious Metals Conference 2025 at Atlantis, The Palm.

The machine, presented as the first of its kind, was unveiled in the presence of Ahmed Bin Sulayem, Executive Chairman and CEO of the Dubai Multi Commodities Centre; Abhijit Shah, CEO of Emirates Gold; and Jerry Ng, Chief Marketing Officer of Public Gold. The initiative builds on DMCC’s long-standing focus on strengthening the UAE’s position in global precious metals trade.

Partnership details

Emirates Gold and Public Gold formed a strategic partnership in May 2025. Under the agreement, Emirates Gold provides and manages the physical gold and silver, along with operations and customer support. Public Gold supplies the fintech platform and ATM infrastructure. Together, they plan to roll out a growing network of smart ATMs offering certified Emirates Gold bullion.

The first unit will be placed at Almas Tower, with more installations planned at key sites across the UAE. Each machine can store more than 70 designs of gold and silver bars and operates around the clock. Users can buy bullion using e-wallets or credit cards, or withdraw physical bars linked to their digital accounts. Future updates are expected to add options such as online order collection, cryptocurrency conversion and redemption of tokenized gold.

Mr. Abhijit Shah, CEO of Emirates Gold DMCC, said: “As the UAE stands as the world’s most trusted physical gold hub, this launch marks a defining moment for the future of precious metals. Our partnership with Public Gold brings together Emirates Gold’s trusted refinery expertise and operational strength with modern fintech innovation, setting a new global benchmark for secure and transparent bullion accessibility.”

Mr. Jerry Ng, Chief Marketing Officer of Public Gold DMCC, said: “This landmark moment places Malaysia and the UAE at the forefront of global gold innovation. Our fintech-powered Gold ATM breaks traditional barriers and makes physical gold ownership simpler, safer, and more accessible. We are proud to build this vision alongside Emirates Gold within the trusted DMCC ecosystem.”

Expansion plan

Emirates Gold and Public Gold intend to deploy between 35 and 40 Gold ATM units across the country in 2026. The companies say the network will connect digital wallets with physical bullion access, supporting both first-time buyers and experienced investors. Each ATM will offer a curated selection of gold and silver bars produced to Emirates Gold’s specifications.

tanvir@dubainewsweek.com

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