Gift-giving just got much easier with Payit’s latest feature, eGift Card. As one of the UAE’s leading digital wallet apps, Payit presents you with a sustainable, hassle-free, and personalized way of gifting through Payit’s eGift Card.
Eid is not just a celebration but it’s the time to cherish the beautiful bond of love and affection. The beautiful tradition of Eidiya is the symbol of how immensely parents and adults care for the younger ones.
The UAE is projected to reach AED 345.2 billion (US$94.0 billion) in card payments by 2025 at a compound annual growth rate (CAGR) of 7.3%, per GlobalData’s Payment Card Analytics. With more people shifting towards using virtual or digital cards, there is no denying the importance of payment cards in the UAE’s economy.
The United Arab Emirates lights up with a festive mood as Ramadan, the holy month, gets closer. Iftar is a time-honored practice observed for centuries. Families and friends come together to break their fast with a delectable feast.
With card payments accounting for almost half of all transactions in the UAE, 2023 is seeing a significant shift in how we make online payments. The trend has paved the way for virtual cards, giving traditional cards a virtual facelift.
When opening a bank account, you are always asked whether you want savings or a current account. If you don’t know which one you should select, you will end up opening the wrong account that will not serve your purpose.
During the ninth month of the Islamic calendar, called Ramadan, participants fast and abstain from things considered impure for the mind and body.
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.
As Ramadan is nearing, the UAE is already witnessing a shift in consumer behaviour in a way that more online shopping is anticipated. Starting from the evening of 22nd March 2023, Ramadan this year is all about using digital payments, digital platforms, and online orders.
As a card-dominated country, UAE has 63% of its total population as credit cardholders. They use credit cards for shopping, payments, and even to withdraw money. Although debit cards are used to withdraw money from Automated Teller Machines (ATMs), credit cards also facilitate withdrawing cash at a specific cost.