Once you become a parent, everything changes, and one of the most significant things that will change is your expenses. While raising a child is one of the most fulfilling experiences in your life, many people conveniently forget to mention the impact on your budget.
Only 25% of the high school students in the USA have access to personal finance education this year. However, 80% demanded to be educated about managing their personal finances.
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.
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.
While many parents in the UAE spend almost 40% of their salaries on their kids’ schooling and other fees, back-to-school supplies are essential.
Everyone wants their child to have everything they need to learn and grow. Thus, it’s time to start preparing essential school supplies for them as the schools in the UAE have resumed.
As a Non-Resident Indian (NRI), you must have tried different online payment service providers to send your money to your families in India. Be it a mobile balance recharge, bill payment, or utility payment, you need a service provider who can help you make international payments hassle-free.
We all make mistakes and learn from them, but money mistakes are too costly that you must avoid them. Financial decisions need patience and a lot of your time to think about whether a decision is good for you and for your kids.
Major Asia-Pacific countries such as India, Bangladesh, China, Philippines, etc have on average, more than 70% prepaid phone users leaving the post-paid service users at 30%.
While more than 50% of UAE consumers want to go cashless by 2024, they have already started their march towards using digital wallets for various payments. Consumers demand faster, safer, and more convenient (simple-to-use) payment options and, most importantly, contactless payment methods.
How Most Parents Pay Their Kids’ School Fees?
Although cash and credit cards are the most popular payment options, payment apps and digital payment methods are increasing rapidly. E-wallets or digital wallets will be used the most among all other digital payment methods as time passes