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
As we are nearing the start of the academic year in the UAE, the mums and the dads are planning various back-to-school activities for their children to get back to the school routine smoothly.
Index Just as technology plays an essential role in the virtual world, payments are another crucial part. While it is paramount to offer a seamless user experience through the metaverse, virtual assets will have to be transferred using virtual currency. But are we future-ready to experience the metaverse with digital currency? Which digital payment methods
Index The United Arab Emirates (UAE) is the third largest crypto market in the world as per Chainalysis in October 2021. While the Middle East makes 7% of the global trading volume for cryptocurrency markets, UAE, among all, runs an extra mile toward becoming a global digital asset hub. But, what is so special about
Around 1.7 million people (32% of the total population) in the UAE are unbanked, earning approximately AED 2,494 per month (~ $679) as per the data released by the UAE Federal Competitiveness and Statistics Authority.
While you become your boss when you work as a freelancer in the UAE, you also may deal with some problems, and the most common problem related to freelancing is getting paid on time. You send an invoice to the client and then chase the client for the payment, and after many reminders, you finally receive the money in your bank account.
The United Arab Emirates is the second-largest country in the world for remittances which means a large population of the country sends money internationally across countries. However, the majority of the workers in the UAE do not even have a bank account.
While digitization is happening across most sectors such as banking, telecommunications, health, etc., educational institutes and schools are also not behind the race. The concept of homeschooling and smart learning are emerging as we see new transformations in the academic industry.
“I received a text message from DEWA that alerted us that our water consumption is 70% higher than our regular use. Upon investigating, my husband found that one of the bathrooms had a leakage that we generally would not have been able to find out.”
One of the major drivers for the United Arab Emirates (UAE) consumers to turn more digital about payments is the global pandemic. People started adopting digital ways (e-wallets, payment links, etc.) to make payments and money transfers.