Category: Financial Literacy

Why Digital Wallets Are Replacing Cash

Index Ready to let go of cash? Haven’t we all had those moments at some time in our lives, where we end up digging for change in our tote bags at the grocery store, rushing to an ATM last minute or opening up our wallet at a dinner with friends to find out we are

The Emotional Science of Sending Money – Strengthening Bonds with Payit Remittance

Index   Introduction  For millions living away from loved ones, sending money home is more than a financial transaction, it’s an act of emotional solidarity! Each remittance reassures family members, bridges distances, and nurtures well-being on both sides of the wire.  Closing the Distance with Every Transfer  A timely remittance alleviates worry, parents know their

Heart to Home – A Summer of Sending, A Season of Smiles

Terms and Conditions: Campaign Period: Aug 1 – October 30, 2025  Eligibility The campaign is open to all Payit customers who send international remittance transactions during the campaign period. Transactions must be completed via Payit using any remittance partner (e.g., Mastercard, MoneyGram, Federal Bank, SWIFT). Customers must complete a minimum of 2 remittance transactions to

How Much Money Do You Need to Save for Rising Rent in Dubai 2025?

If you’re living in Dubai, you’re certainly enjoying zero tax on personal income. More disposable money in your hands. But at the same time, expenses like rent eat up a major chunk of your salary. And when rental prices are increasing continuously, you don’t have the luxury to go unplanned. But how much money do you need to save for increasing rent in Dubai? Keep reading to know.

Types of Financial Frauds – How to Stay Safe

Digital life in the Emirates is moving fast. Nine in ten adults bank on their phones. Contactless payments are routine. Online transfers settle in seconds. Yet the same speed that delights honest customers also attracts fraudsters.

Why is Gold Rate in Dubai So High Right Now? A Look at What’s Changed Over the Years

It’s hard to find someone who doesn’t have or want to have gold. But why does the price tag on a plain 24-karat coin in Dubai now read closer to AED 400 per gram when it was barely AED 140 a decade ago? What has changed and what hasn’t for gold in Dubai? Let’s decode.

Urgent Cash Loan in UAE – What to Do If You Don’t Qualify for a Bank Loan

Did you ever need urgent cash and struggle to get it due to a bad credit score? That’s the situation I found myself in recently, and going through the stress of getting instant money in my wallet was not easy at all. So let me share my story, and the solution that worked for me, when every other door seemed shut.

Saving 101 – How to Save AED 100 Monthly to Reach AED 100K?

It might sound too small to matter, but saving AED 100 monthly can turn into AED 100,000 with time, patience, and a bit of financial strategy.

Cashback vs. Reward Points – Which Loyalty Program Is Better for You? 

The UAE’s loyalty program market is expected to escalate to $2.2 billion by 2028. And what’s the reason behind this whopping number? It’s simply discounts, free delivery, cashback, and early access to sales. When brands reward customers with all these benefits for good products, they reward them with loyalty, and vice versa.

Salary Advance Vs. Payday Loans – Which Is Better?

If unexpected expenses looked at our bank balance before knocking on our doors, you’d not be here reading this article. You can take care of big expenses via regular loans, but what about small, sudden requirements before your salary drops into your bank account? You’d turn to salary advances or payday loans. But what’s the difference between the two, and what’s the best for you in any given situation? Let’s understand that in detail here.