Tag: Contactless Payments

Best Way to Secure Payments as a Freelancer in the UAE

Freelancing offers more flexibility and potentially higher earnings, but timely and secure payments can be challenging when working with multiple clients. Therefore, having a secure payment system in place is crucial. This article covers the best payment method to receive funds in the UAE without opening a bank account.

Is a Credit Card the Best Solution to Manage Your Payments?

Most of us are comfortable using credit cards, especially in UAE, a spending-savvy country. However, credit cards come with the risk of debt accumulation, high-interest charges, risk of theft, etc.

5 Key Benefits of Using Virtual Cards

With the virtual cards market projected to reach a staggering $1.3 trillion globally by 2032, experiencing an impressive compound annual growth rate (CAGR) of 12.2%, it’s evident that this digital payment space is revolutionizing the financial landscape

Payit launches digital card for hassle-free local and international payments

Payit, the UAE’s first fully featured digital wallet, is expanding access to cashless transactions with the launch of the new Letsgo Payit Visa Platinum Card, powered by First Abu Dhabi Bank (FAB). This will connect the user’s wallet to Visa merchant acceptance location of 80+ million for a complete range of point-of-sale and online transactions.

UAE’s Digital Payment Trends to Look for in 2023

The digital payments market in the MENA region is expected to reach $9 billion by 2028 (124% up from 2021). Although the UAE population still relies on cash and credit cards for payments, the new generation and the millennials have already started exploring emerging digital payment methods.

Virtual Cards Vs. Digital Cards: What’s the Difference?

As more than half of the UAE consumers are set to use cashless payments by 2024, virtual cards have become an emerging trend among the residents. Virtual cards have become one of the region’s most popular digital payment methods, as they offer flexibility, simplified payments, speed, and security.

Digital Payments: How Mobile Wallets Boost the Growth of Your Small Business?

As per the survey conducted by Visa, 82% of small and medium business owners responded to using more digital payment options, including mobile wallets, to offer their customers simple and secure payment methods.
In fact, nearly 60% of these small business owners replied they would only use digital wallets to accept payments. However, this shift in trends has primarily occurred among large businesses that have the means to provide customers with various payment options.
So, let’s dive deep into what mobile wallets are and how they help you grow your small business.

Digitizing Education Payment Ecosystem: Meet Payit and Schoolvoice at GESS

The launch of the Digital School marked a progressive move by Dubai’s government. While the education system is transforming toward providing digital education, the school fee collection system also requires innovative solutions for cashless solutions.

7 Things to Consider While Selecting a Payment Processor for Your Business

Whether you are a small business owner or a big giant in any industry, almost everyone requires payment processing services to run their businesses smoothly. Moreover, nearly 88% of the payment transactions were contactless in 2021, which justifies that customers are moving toward making payments digitally.

How are Digital Wallets Shaping the Future of Digital Payments in the UAE?

More than 50% of the UAE’s consumers use digital wallets to make payments as it allows convenient contactless payment solutions. Additionally, the United Arab Emirates (UAE) residents have been quite active in contributing to the move toward building the world’s most innovative digital economy in the country.