Category: Fintech

  • December 02, 2022
  • No Comments
  • 4:00 minuets read

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.

Read More
  • October 10, 2022
  • No Comments
  • 3:40 minutes

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.

Read More
  • October 03, 2022
  • No Comments
  • 4.40 Minutes

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.

Read More
  • September 12, 2022
  • No Comments
  • 3:15 Minutes

5 Reasons to Use Payit for School Fees Payment

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.

Read More
  • August 15, 2022
  • No Comments
  • 4:50 Minutes

How is Metaverse Redefining the Future of Digital Payments in the UAE?

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

Read More
  • August 08, 2022
  • No Comments
  • 4:20 Minutes

Digital Currency in the UAE: Way to Becoming a Global Cryptocurrency Hub

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

Read More
  • July 25, 2022
  • No Comments
  • 5:50 minutes

Digital Payment Methods Enabling Financial Inclusion for the Unbanked in the UAE

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.

Read More
  • June 20, 2022
  • No Comments
  • 6.5 Minutes

Digitization in Education: What are the Key Trends In The UAE?

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.

Read More
  • June 06, 2022
  • No Comments
  • 7.2 Minutes

The Future of Digital Payments In UAE – 5 Key Trends of 2022

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.

Read More
  • March 28, 2022
  • No Comments
  • 10 Minutes

Enjoy Seamless Verifications and Transactions with Our Leveraged NFC Technology

NFC (Near Field Communication) is a comparatively short wireless networking technology based on standards that are increasingly being used in consumer and professional electronics, notably for integrating mobile devices as a way of sharing digital content. Users can use Near Field Communication (NFC) technology to make secure transactions, share digital data and content, and connect electronic devices with a single tap. NFC broadcasts have a small range (from a few centimeters to a few inches) and require the devices to be close together.

Read More